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 public opera theatre Palau de les Arts, located in Valencia will apply for a redundancy procedure (ERE) affecting up to 100 employees (35% of its entire workforce). The staff of Palua de les Arts is comprised out of technicians, musicians, administrative staff and workers from other departments. As announced, the measure is due to the low demand recorded.
Updated, 30/05/2014: As reported, finally, the redundancy procedure (ERE) will affect up to 40 employees.
Eurofound (2013), Palau de les Arts, Internal restructuring in Spain, factsheet number 75648, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75648.