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 coal mining company Hullera Vasco Leonesa is to apply a labour force adjustment (ERE) affecting its entire workforce (402 workers). In addition, about 900 employees of subcontracted companies will be affected.
The company has justified the measure with the drop in sales and the end of the state aids.
The union CCOO has rejected the measure. They argue that the drop in sales is associated with cyclical adjustments and that the economy will recover. Moreover, CCOO link the measure to the problems with renewing the company’s collective agreement.
Eurofound (2014), Hullera Vasco Leonesa, Closure in Spain, factsheet number 76742, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76742.