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.
Arts / Entertainment Arts, Entertainment And Culture Creative, Arts And Entertainment Activities 90.01 - Performing arts
40 - 100 jobs Number of planned job losses
Announcement Date
15 July 2013
Employment effect (start)
Foreseen end date
Description
The public opera theatre Palau de les Arts, located in Valencia will apply for a redundancy procedure (ERE) affecting up to 100 employees (35% of its entire workforce). The staff of Palua de les Arts is comprised out of technicians, musicians, administrative staff and workers from other departments. As announced, the measure is due to the low demand recorded.
Updated, 30/05/2014: As reported, finally, the redundancy procedure (ERE) will affect up to 40 employees.
Sources
17 July 2013: Levante
15 July 2013: El País
29 May 2014: Levante
Citation
Eurofound (2013), Palau de les Arts, Internal restructuring in Spain, factsheet number 75648, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75648.
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