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 engineering and aerospace company Sener has announced the collective layoff plan affecting 110 workers divided between its work centers in Getxo (Vizcaya), Tres Cantos (Madrid) and Cerdanyola del Vallès (Barcelona), not affecting this to his workplace in Valencia. The Sener group has a staff of 1,600 employees in Spain (2,300 worlwide). The company says that the delay in some projects and the cancellation of others have caused the decision. This announcement comes after Sener achieved € 21.6 million in profits and reached a staff of 2,308 workers in 2018.
Eurofound (2020), Sener, Internal restructuring in Spain, factsheet number 101120, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101120.