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 company Alestis, specialised in manufacturing of aircraft components, has announced the dismissal of 70 workers (26% of its entire workforce) from its manufacturing plant located in Sevilla (Andalusia). It also aims to reduce staff wages by 25%. The head of employment in the Autonomous Community of Andalusia ha announced that the authority supports the working council in its opposition to the dismissals. He has met with the working committee to let them know that the regional government will negotiate to obtain that the measures finally implemented are less traumatic as possible.
In the governing board of Alestis, the Andalusian government was previously represented. Currently, only Public Law entity SEPI is present.
Eurofound (2017), Alestis, Internal restructuring in Spain, factsheet number 90655, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90655.