Internal restructuring
Location of affected unit(s)
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41 - Construction of buildings

435 jobs
Number of planned job losses
Job loss
Announcement Date
6 September 2016
Employment effect (start)
Foreseen end date


Isolux Corsán agreed upon a rescue plan with the banks and bondholders in July 2016, in order to restructure the company's debt (around € 2,000 million) and prevent closure. A new management board has been elected, reflecting that banks and bondholders will held 95% of the company's shares once the rescue plan is approved by the judicial court. Following this plan, the company announced at the beginning of September a new collective dismissal scheme which will affect 535 employees, around 35% of the staff. Formal negotiations with the trade unions will start at the end of September.

Update 27-10-2016

Isolux management has accepted a reduction of the number of workers affected by the employment adjustment. Accordingly, 435 instead of 535 workers will be affected. Negotiations on the measure have not yet finished. 


  • 26 September 2016: Expansión
  • 6 September 2016: Cinco Días
  • 25 October 2016: El Economista


Eurofound (2016), Isolux Corsán, Internal restructuring in Spain, factsheet number 88694, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88694.