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 Ficosa Electronics, specialized in the manufacture of automotive parts, has applied for a Redundancy Procedure affecting 259 employees.
On the other hand, Ficosa has stated that it will keep the remaining 330 workers of Ficosa Electronics once the subrogation agreement the company signed with Sony ends at the end of 2012. In addition, 56 workers left the company in September and October through the previous redundancy plan. The agreement with Sony allows for 45 days compensation per year worked for voluntary redundancies and for employees who will be out of work at the end of the subrogation.
Eurofound (2012), Ficosa Electronics, Internal restructuring in Spain, factsheet number 74520, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74520.