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 Spanish supermarket chain Supersol has reached an agreement with workers representatives about a collective dismissal which affects 294 people and involves 30 store closures (18 stores and 12 fishmongers). The agreed redundancies number reduces by 110 positions the initial proposal which the trade union considered too radical. The company motivates this decision as part of a rescue plan to relaunch the business after several years of financial losses. Employees affected by the plan will receive 28 days' pay per year worked, up to a maximum of 18 months, plus an extra pay out of €500-€1,300 depending on length of service.
3,058 remaining employees will undergo substantial changes in working conditions concerning in particular schedules' modification. The company proposes a reordering of working times in stores, elimination of redundant positions and closure of stores.
Eurofound (2019), SuperSol, Closure in Spain, factsheet number 97590, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97590.