Type
Merger/Acquisition
Country
Spain
Region
Location of affected unit(s)
Madrid, Barcelona, Almería, Alicante, Valencia, Huelva, Zaragoza, Valladolid
Sector
Financial Services
Activities Auxiliary To Financial Services And Insurance Activities
Activities Auxiliary To Financial Services And Insurance Activities
66.19 - Other Activities Auxiliary To Financial Services, Except Insurance And Pension Funding

600 jobs
Number of planned job losses
Job loss
Announcement Date
2 May 2024
Employment effect (start)
30 June 2024
Foreseen end date

Description

Intrum España, a Swedish multinational company dedicated to mortgage debt collection, bought Haya Real Estate. Following the acquisition, Intrum España officially presented an employment redundancy file (ERE) that will affect 600 people in all its centres in Spain (Madrid, Barcelona, Almería, Alicante, Valencia, Huelva, Zaragoza and Valladolid). The company will begin talks with workers' representatives in the coming days, and it expects to complete the ERE before the summer.

Intrum has a total volume of assets under management in Spain of more than 60,000 thousand million euros, including more than 200,000 real estate assets. The trade union UGT has expressed its opposition to this redundancy plan and has expressed its surprise at it.


Sources

Citation

Eurofound (2024), Intrum españa, Merger/Acquisition in Spain, factsheet number 201122, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201122.