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.
Spanish construction company FCC is planning to dismiss 1,267 employees. This amounts to 40% reduction of its entire workforce.
The company has now opened a one month negotiation period aiming to discuss the measure with the unions.
Earlier this year, the company had already dismissed 842 employees.
UPDATE 10/12/2014: FCC has proposed the unions to reduce the number of workers dismissed by 12%. Accordingly, the adjustment would affect 1,117 employees. Unions have not accepted the offer and called for a strike to be held on 10 December.
UPDATE 16/12/2014: FCC and the unions have achieved an agreement which reduces the number of workers dismissed to 875. Dismissed workers will receive a compensation equal to 31 days per year worked.
Eurofound (2013), FCC, Internal restructuring in Spain, factsheet number 76233, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76233.