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.
Clothing and textile firm Basi will apply for a redundancy procedure affecting 118 employees. Workers have called for a strike action to be held on the 2nd May 2013, protesting against the measure.
Updated 08/05/2013: As announced, after the workers’ agreement, the final plan entails a lower number of redundancies (103 employees out of which 44 by means of early retirement scheme). For the redundant employees there is a compensation of 34 days salary per year of service up to a maximum of 24 months.
Eurofound (2013), Basi, Internal restructuring in Spain, factsheet number 75310, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75310.