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.
German car manufacturer Mercedes-Benz (a division of the Daimler group) has applied for the redundancy procedure for its commercial division in Spain which will affect 110 out of its 760 staff. The plan also includes the closure of four out of 14 commercial centers. It is, however, not clear which locations will be affected or when the cuts will be implemented.
The plan presented to the unions envisages the loss of jobs through early retirement offers and voluntary redundancy, with compensation of 33 to 45 days per year. The restructuring is due to significant losses accumulated in 2009 and 2010.
Eurofound (2012), Daimler-Mercedes Benz, Internal restructuring in Spain, factsheet number 73355, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73355.