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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.11 - Production of electricity
354 jobs Number of planned job losses
Announcement Date
29 April 2013
Employment effect (start)
14 May 2013
Foreseen end date
Description
Global manufacturer of solar energy products Isofoton is to apply for a redundancy procedure (ERE) affecting 365 jobs in its plant in Malaga.
As reported, the company presented initially another redundancy plan envisaging 70 fewer dismissals, but it was withdrawn after the intervention of the Regional Government of Andalusia pointing out some inaccuracies.
Negotiations with the unions are currently taking place.
Updated 14-05-2013:Isofoton has reduced the number of dismissals from 365 to 230. This reduction, however, is linked to the acceptance by the employees of a 25% decrease in working hours and pay for the entire workforce.
Updated 03-06-2013: As announced, the ERE refers to 354 jobs.
Sources
29 April 2013: El Mundo
3 June 2013: La Opinión de Málaga
14 May 2013: ABC
Citation
Eurofound (2013), Isofotón, Internal restructuring in Spain, factsheet number 75309, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75309.
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