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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.23 - Service activities incidental to air transportation
1,600 jobs Number of planned job losses
Announcement Date
5 November 2012
Employment effect (start)
1 November 2012
Foreseen end date
Description
The public Spanish Airport Company, AENA, will apply a Redundancy Procedure affecting 1600 employees, over 10% of its entire workforce.
The company aims to avoid forced dismissals and will encourage voluntary redundancies and internal mobility instead. The Voluntary Redundancy plan has been agreed with the unions. The agreement includes a social plan aiming to support the dismissed workers, by offering favorable terms to those who depart voluntarily.
AENA, which employs over 15,000 people is in debt by nearly 14,000 million euro, and has already implemented other additional measures of the restructuring plan, such as reduced operational expenses, reduced operating schedules and infrastructure optimization.
After signing the agreement on October 31, AENA became the first Spanish company to apply the royal decree approved on September 29, by which public sector bodies, agencies and entities in deficit or on reduced budget (by at least 5%) may proceed with collective redundancies.
Sources
5 November 2012: Expansión
Citation
Eurofound (2012), AENA, Internal restructuring in Spain, factsheet number 74446, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74446.
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