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 electrical equipment manufacturer General Electric has announced its decision to lay off 199 employees in Spain and to initiate a redundancy programme (ERE) affecting several work centres, in particular those located in Catalonia and Castilla La Mancha. The company argues the need to adjust its workforce within a framework of global restructuring of its activities worldwide, including its facilities in Spain.
Trade unions have rejected the proposed measure, while urging the company to opt for less traumatic and temporary measures measures (e.g. a PERTE) that would guarantee the level of employment and activity, particularly in the current context of boosting demand for renewable energy production and the moderation in cost increases in recent months. The unions have called a strike to protest against these measures.
Eurofound (2023), General Electric, Internal restructuring in Spain, factsheet number 108326, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108326.