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 multinational telecommunications company Vodafone announced plans to launch a Redundancy Procedure affecting 900 employees (21% of its entire workforce).
The company has offered severance pay equal to 30 to 32 days per year worked, up to a maximum of 12 months. The restructuring also includes other cost-cutting measures, including the reduction and/or elimination of certain employee benefits.
The unions have criticised the measure and have asked the company to look for other alternatives.
Updated, 15/02/2013: As announced the final plan includes 620 job cuts.
Eurofound (2013), Vodafone, Internal restructuring in Spain, factsheet number 74791, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74791.
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