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.
Limak, a Turkish construction company leading the comprehensive renovation of FC Barcelona’s Camp Nou stadium, has presented an Employment redundancy File (ERE) affecting 399 workers. The company justifies the workforce reduction on the grounds that, beyond the stadium project, it has been unable to secure additional contracts. The ERE is planned over a two-year period, with a gradual reduction in staff as construction phases are completed.
At the peak of activity, up to 1,200 workers were involved in the project through various subcontractors. However, the works have been marred by controversy. In November last year, one subcontractor was fined one million euros for employing 79 undocumented Turkish workers. Trade unions have repeatedly denounced irregular dismissals, including cases where workers were allegedly dismissed shortly after participating in protests over labour conditions.
The Catalan Labour Inspectorate has identified irregular employment practices and initiated infringement proceedings. Although FC Barcelona acknowledged “bad practices” in subcontracting in 2024, a promised oversight agreement with unions was never formalised.
Eurofound (2026), Limak, Closure in Spain, factsheet number 204444, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204444.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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