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.
The Spanish bank Bankia has presented to its workers a voluntary early retirement plan that may affect 300 employees. This plan is unrelated to the labour force adjustment plan implemented in 2014, which affected 4,500 employees. Indeed, the plan is addressed to those workers who were not able to avail of the earlier measure. The plan is open to all company units. The new plan offers workers older than 55 years 50% of their gross salary for up to five years and a special regulatory agreement with social security up to 61 years of age.
Eurofound (2015), Bankia, Internal restructuring in Spain, factsheet number 78778, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78778.