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.
Various locations, including Langreo (Asturias), Sant Joan Despí (Barcelona) and Madrid
Sector
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations
112 jobs Number of planned job losses
Announcement Date
25 October 2023
Employment effect (start)
25 October 2023
Foreseen end date
Description
Bayer, the German multinational manufacturer of pharmaceutical products, has reached an agreement with workers' representatives to carry out an Employment Redundancy Plan (ERE) that will affect 112 workers.
The company and the unions needed nine meetings to reach a final agreement. The outcomes include the redundancy of 112 employees instead of 135, which Bayer had initially planned. In addition, the departures of affected staff members are now to be voluntary in nature, and better conditions for the people affected have been negotiated. The agreement also includes a measure which allows some of the workers affected by the ERE to exchange their departure with volunteers.
According to the trade unions, the agreed economic conditions are well above the legal requirements. In any case, unions regret the latest trend of the company, which is trying to compensate for its economic results through constant restructuring, especially through four EREs in recent years, the latest one in 2021 affecting 80 workers. Meanwhile, the company justifies the layoffs with the market situation in Spain, marked by difficulties in accessing new drugs and the maturity of some of the company's key brands.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
