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.
Haya Real Estate, a company specialised in the management of real estate, has announced the start of a new restructuring process for organisational and productive reasons. The number of employees affected has not yet been fixed, although some sources suggest a figure of up 300 people. In any case, the final figure will depend on the negotiation process with trade union representatives. The start of the process has to do with the recent loss of a key contract with SAREB for the company, coupled with a reduction of business margins in the sector as a whole. As of April 2022, it is unknown when the job loss will be implemented by. This new restructuring process is the second one for the company, since Haya Real estate was also involved in another restructuring process in 2020 (see Haya Real Estate2020 - ES).
Eurofound (2022), Haya Real Estate, Internal restructuring in Spain, factsheet number 106621, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106621.