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.
Tragsa, Empresa de Transformación Agraria, parent company of the Spanish Tragsa Group, announced plans to apply for a redundancy procedure (ERE) affecting 836 jobs.
According to the sources the group presented to the unions its plans for job reduction measures affecting in total 1,639 jobs, 836 ones in its parent company Tragsa, Empresa de Transformación Agraria and 803 ones in its subsidiary Tecnologías y Servicios Agrarios, Tragsatec.
Tragsa is providing services in the areas of protection and conservation of natural resources and rural development.
The group belongs to the state-owned industrial holding company Sociedad Estatal de Participaciones Industriales (SEPI).
The timeline for the restructuring plans is not yet available. For previously reported restructuring in the group see Tragsatec-2011.
UPDATE 3/12/2013: Tragsa will finally dismiss 726 employees. Dismissed workers will leave the company by 31 December 2014. They will receive a compensation equal to 20 days per year worked.
Eurofound (2013), Tragsa Empresa de Transformación Agraria, Internal restructuring in Spain, factsheet number 76024, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76024.