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.
Bodybell, the chain specialised in retail sale of cosmetic products, will implement an employment adjustment affecting 255 workers. Initially, the company proposed to dismiss 304 workers. The number was reduced with a view of reaching an agreement on the measure with the trade unions (UGT, CCOO and USO). Dismissed workers will receive a severance payment equal to 34 days per year worked up to a total of 25 months' pay. The company has agreed with the trade unions to pay the severance payment on the 31 July. Although the measure was proposed once Bodybell was bought by the German group Douglas, the company informs that it is part of the restructuring process initiated in 2015.
Eurofound (2017), Bodybell, Closure in Spain, factsheet number 91479, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91479.