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.
Construction Specialised Construction Activities Specialised Construction Activities 43.3 - Building completion and finishing
180 jobs Number of planned job losses
Announcement Date
10 February 2014
Employment effect (start)
Foreseen end date
Description
Móstoles Industrial, specialized in construction, furniture and logistics, aims to dismiss 180 workers (70% of its entire workforce) and to cut wages by 20%.
Negotiations with the unions will last until the 21 February. According to the unions, the company has announced its disposition to reduce the number of dismissals from 180 to 160. Moreover, wage reductions may be dismissed.
This is the fourth downsizing implemented by the company in four years. The union estimates that 360 workers were dismissed in the last two years.
Sources
10 February 2014: inversion&finanzas
Citation
Eurofound (2014), Mostoles Industrial, Internal restructuring in Spain, factsheet number 76595, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76595.
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