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 Sniace is specialised in the manufacture of chemical products and is based in Torrelavega (Cantabria, Spain). On 2 February 2006 the company has agreed with the labour representatives on a job reduction plan concerning 114 redundancies, a 16% of its workforce.
Eurofound (2006), Sniace, Internal restructuring in Spain, factsheet number 62892, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62892.