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.
Aernnova, a multinational company specialized in the manufacture of aerospace components, has announced its intention of implementing a dismissal plan affecting between 130 and 150 employees in its plant in Berantevilla (Álava). The company has already communicated this decision to the working committee. Negotiations on the measure will start in the following weeks. At this early stage, the trade union that has majority within the working committee, ELA, has stated that negotiations will be hard and that the trade union will “activate all the mechanisms at its disposal in order to stop the dismissals”. They argue that the company is viable and is not facing economic problems. They have also called on the regional government to intervene.
Update 17/11/2015:Aernnova will finally withdraw the labour adjustment plan proposed that was supposed to affect 130 workers. The Basque Country government has strongly criticized the measure since the company had announced investments and job creation in its plant located in another Spanish city (Toledo). The company has not explained or justified the withdrawal of the measure yet.
Update: 2/02/2015:After two months of uncertainty, the Company Aernova has announced to workers that it will restart activities at the plant in Berantevilla (Toledo). However, it has communicated that it is necessary to dismiss around 154 workers, preferably, by means of voluntary redundancies, early retirements and relocations. With this plan the company aims to improve competitiveness in the long term. It also expects to improve productivity by introducing automation process. The company wants to implement the plan immediately but progressively.
Eurofound (2015), Aernova, Internal restructuring in Spain, factsheet number 85290, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85290.