Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The enterprise Carrosúa, specialized in the manufacturing of bodywork for buses, has applied for the Redundancy Procedure affecting 80 employees (22% of its total workforce). The enterprise is said to be willing to dismiss 50 workers older than 55 years.
The employee's representative opposes the measure. The representatives criticize that the enterprise has announced the measure after refusing to negotiate early retirement plans for 30 employees. In contrast to the company's plans, the representatives suggest temporary lay-offs and early retirement plans to stand up to the challenges the company is facing.
Eurofound (2011), Castrosúa, Internal restructuring in Spain, factsheet number 72842, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72842.