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 ceramics company Lladro will implement and employment adjustment affecting 300 workers. In 2013 the company implemented a temporary working time reduction plan that affected 30% of the working time between 2014 and 2016. However, the plan has not been enough to allow to the company to recuperate its profitability. In 2014, sales reached €37.7 million compared to €43 million in 2013. Moreover, the company lost €4.4 million in the manufacturing sector, which will be the most affected by the dismissals. The intention of the company is to achieve an agreement with the trade unions on the dismissals and compensatory measures.
Eurofound (2016), Lladró, Internal restructuring in Spain, factsheet number 86122, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86122.