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.
Wire manufacturing company General Cable announced its plans to close two of its plants in Catalonia. The decision is planned to affect a total of 487 employees: 334 currently work in the Manlleu plant, while the remaining 153 currently work in the Montcada i Reixac plant.
Trade union CC.OO. maintains that the actual figure of redundant employees is expected to increase up to 600 employees, considering as well other plants in Catalonia. The trade union highlights also the alarming situation in Manlleu, where the plant of the company constitutes the biggest employer of the city. At the time of writing, there are negotiations on the terms of the closure between the company's management and employee representatives.
Eurofound (2019), General Cable, Closure in Spain, factsheet number 99007, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99007.