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.
Teka, the historic Spanish home appliance manufacturer now owned by China’s Midea Group, has announced an Employment Redundancy File (ERE) that could affect 574 employees across several of its sites in Spain. According to Unions, which have strongly condemned the move, the layoffs will impact 222 workers in Zaragoza, 191 in Santander, 58 in Alcalá de Henares, and 103 across commercial offices in Madrid and other regions.
The company attributes the measure to “productive and organisational causes,” though full details will be provided once the workers’ representative committee is formally constituted and receives the explanatory report and technical documentation.
Unions have rejected the decision as “disproportionate” and inconsistent with Teka’s actual financial position, arguing that the dismissals would only worsen job insecurity in the sector. Unions have urged Teka’s management to explore alternatives that safeguard employment and have called on both regional and national governments to intervene in defence of the workforce and the long-term viability of Teka’s Spanish operations.
Updated, 8 January 2026
Teka has started negotiations with trade unions over a proposed Employment Redundancy File (ERE) that would affect 99 employees across its Spanish operations. The measure would impact approximately 17% of Teka’s 574 workforce in Spain. According to the company’s proposal, the layoffs would be distributed as follows, namely, 47 in Santander, 26 in Zaragoza, 22 in Alcalá de Henares, and 4 from central offices and regional branches. The company cites organisational and production-related causes as the basis for its decision. Unions are expected to demand transparency on the justification for the layoffs and to push for alternative measures to minimise job losses.
Updated, 12 February 2026:
The workforce of Teka has approved the pre-agreement reached on its restructuring plan (ERE), endorsing measures that significantly reduce the impact of the restructuring. Following a month of negotiations, the number of planned dismissals has been cut from 99 to 66, representing a 33% reduction. The agreement, backed by 60.9% of employees in Santander, Zaragoza, Alcalá de Henares and central offices, prioritises voluntary departures to minimise compulsory and traumatic exits. Under the terms agreed, Teka will open a voluntary exit process combined with internal mobility measures and will provide an external outplacement service to support affected workers in finding new employment. Employees aged 59 and over will have access to a bridging income plan until early retirement, while those dismissed will receive 40 days’ pay per year worked, capped at 30 monthly payments, with additional flat-rate supplements. The company will also pay Social Security special contributions for workers aged between 55 and 63 and commit to applying the same terms for any future objective dismissals within the next three years.
Eurofound (2025), Teka, Internal restructuring in Spain, factsheet number 203767, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203767.
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