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.
Barcelona-based, software downloading services provider Softonic, announced plans to apply a labour force adjustment that will affect 200 employees (around 50% of its entire workforce). The measure is explained to an unexpected decrease in revenues due to changes in Google’s algorithm that have negatively affected Softoning sells results. The company has not working committee established. Accordingly, it is not clear who will represent the employees in order to negotiate the dismissals and its associated conditions.
Eurofound (2014), Softonic, Internal restructuring in Spain, factsheet number 77774, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77774.