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 perfume and cosmetics retail chain Bodybell is negotiating a collective dismissal affecting 445 employees (21% of its entire workforce). Besides, it will apply a wage reduction to the workers who will remain in the company. At this time, the company is negotiating the measure with the trade unions. Workers will receive the minimum legal severance pay, i.e. 20 days per year worked up to a maximum of 12 months. According to the trade union CCOO, the company wants to split the severance pay to redundant workers. This proposal, together with the wage reduction, makes the agreement unacceptable for the unions. One of the reasons behind the workforce adjustment proposed by Bodybell is the significant reduction in demand for cosmetics and perfume goods.
Update, 19/06/2015: Workers have rejected the proposal of the company consisting in minimum legal severance pay, i.e. 20 days per year worked up to a maximum of 12 months. They claim that the company should present a viability plan. Moreover, the company plans a wage reduction.
Update: 02/07/2015: On the 17 June 2015, trade unions and the company achieved an agreement reducing the number of dismissals by 15%, from 445 to 375 workers. In addition, dismissed workers will receive a severance pay equal to 28 days per year worked rather than 20 days per year worked. Trade unions have also succeeded in establishing that first dismissals will be applied through voluntary leaves.
Update 17/02/2016:Bodybell, has completed its labour force adjustment plan. The measure has finally led to the loss of 315 workers, which is 60 less than foreseen. 117 were voluntary leaves. There were 32 store closures (12 fewer than originally planned).
Eurofound (2015), Bodybell, Closure in Spain, factsheet number 83695, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83695.
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