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 company of energy materials and demolition Maxam, mainly manufacturing weapons for defence and explosives for mining and public works, has announced an adjustment plan affecting at least 100 employees. Affected workers are all those of central offices in Madrid together with employees of other centres of Madrid, Galdácano (Vizcaya) and Páramo de Masa (Burgos). The company also announced a modification in the working conditions, among which a salary reduction, to be proposed in the new upcoming collective agreement. Negotiations between the company and the work council (formed by UGT, CCOO, ELA and Maxam Independent Trade Union (SIX)) will start during February.
Eurofound (2020), Maxam, Internal restructuring in Spain, factsheet number 99733, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99733.