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.
Nike, the North American multinational company making athletic footwear and apparel, is to cut 50% of its workforce in Spain – around 100 of the total 200 employees. The measure will affect office staff located in Madrid and Barcelona, while shop and digital sales employees will be maintained. Nike explains that this measure is part of the multinational's global adjustment to simplify the company's organisation.
Currently, the company and workers' representatives are to start negotiations, although the unions have informally known about this measure for the last few months.
Nike has around 40 shops in Spain, where it represents the second largest company in the sector in terms of market share.
Eurofound (2021), Nike, Internal restructuring in Spain, factsheet number 104574, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104574.