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 company Safei, sister company of Banco Inversis Group is specialised in financial intermediation. After being bought on 31 May 2005 by Banco Inversis Group, the company has agreed with the labour representatives on a job reduction plan creating 111 redundancies out of 288. The dismissed will perceive a compensation of 53 pay days per year worked.
Eurofound (2005), Safei, Internal restructuring in Spain, factsheet number 62489, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62489.