Type
Internal restructuring
Country
Spain
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.1 - Passenger rail transport, interurban

250 jobs
Number of planned job losses
Job loss
Announcement Date
28 December 2013
Employment effect (start)
Foreseen end date
30 June 2014

Description

Public railways company Adif is to cut 250 workplaces until 30 June 2014. This follows the agreement of a redundancy procedure (ERE) reached with unions 28 December.

According to the agreement, dismissed workers are to receive severance payments equal to 20 days per year worked up to a maximum of 12 months.  This rate will be higher for workers aged 59 to 62 years.

Workers volunteering for the ERE have until 17 March to notify the management.

Adif is one of the two companies in which the government divided the Renfe Consortium after the liberalization of the railways sector in 2005. On 31 December 2013, Adif will furthermore be divided in two companies: Adif and Adif alta velocidad. Adif alta velocidad will start its activity with 236 employees coming from Adif.


Sources

  • 22 December 2013: Expansi√≥n
  • 28 December 2013: ABC

Citation

Eurofound (2013), Adif, Internal restructuring in Spain, factsheet number 76370, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76370.