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.
The graphical industry company Artes Gráficas Heliocolor will implement an employment adjustment affecting 209 employees out of a total workforce of 220. The measure has been agreed with the the working committee and the trade unions. In this sense, trade union UGT noted that the measure has been accepted by the workers. Dismissed workers will receive a severance payment equal to 28 days per year worked. In addition, in case the company is bought by a new investor, part of the workers dismissed would be reintegrated to their previous job. A bipartite board has been created to monitor that those agreements are fulfilled.
The company Artes Gráficas Heliocolor stopped producing last June and most of the workers have been 6 months without their wages being paid.
Eurofound (2016), Artes Gráficas Heliocolor, Internal restructuring in Spain, factsheet number 89007, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89007.