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.
Car parts manufacturer Johnson Controls will gradually close its plant located in Sabadell (Catalonia) until 2015, cutting all 125 workplaces.
According to an agreement with unions, workers will receive severance payments equal to 50 days per year worked up to a maximum of 42 months. Workers will gradually leave the company until the closure in 2015.
The social plan furthermore includes an option for workers to relocate internally. As to date, 11 of the 125 workers are reported to relocate to the headquarters in Barcelona, and more workers will relocate to other countries.
Johnson Controls is a US-based multinational with about 170,000 staff globally. During 2013, the group initiated various restructuring measures in Eastern Europe (CZ-1 CZ-2, [SI-1]https://apps.eurofound.europa.eu/restructuring-events/detail/76311)) and one in Austria.
Eurofound (2013), Johnson Controls, Closure in Spain, factsheet number 76364, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76364.