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 newspaper El Mundo, which belongs to the group Unidad Editorial, will apply for a Redundancy Procedure affecting between 170 and 190 employees. The measure is blamed on the drop of the advertising investment.
UPDATE 5/10/2012: The Redundancy Procedure which has been finally agreed with the unions will affect 150 employees. Dismissed workers will receive a compensation equal to 35 days per year worked and 5000 euro.
Eurofound (2012), El Mundo, Internal restructuring in Spain, factsheet number 74290, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74290.