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 company Solaria, specializing in the manufacture of solar panels, has applied for a Redundancy Procedure affecting 290 employees of its plant located in Ciudad Real (Castilla la Mancha). The company has currently opened a negotiation process with the unions aiming to discuss the measure. According to the company, the redundancy is intended to adapt costs and resources to the activity of the sector.
UPDATE 28/09/2012: The company has agreed with the unions to apply for a Redundancy Procedure affecting 201 employees of its plant located in Ciudad Real rather than 290 (56% of its entire workforce). Dismissed workers will receive compensation by dismissal equal to 26 days per year worked. The measure has been agreed with the Works Council.
Eurofound (2012), Solaria, Internal restructuring in Spain, factsheet number 74052, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74052.