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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
120 - 128 jobs Number of planned job losses
Announcement Date
22 September 2011
Employment effect (start)
Foreseen end date
Description
Panda Security, specialised in antivirus systems, has announced the intention of introducing a Redundancy Procedure that affects around 120 employees at its premises in Bilbao. Furthermore, 8 employees located in Madrid will be affected from the restructuring. The measure is sadi to be taken following the global economic crisis and due to increasing competition from free (open source) antivirus systems.
Sources
22 September 2011: Cincodias
Citation
Eurofound (2011), Panda security, Internal restructuring in Spain, factsheet number 72393, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72393.
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