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.
Spanish construction company OHL is holding a meeting this week with unions to officially inform them of their dismissal plan, which could affect up to 400 people working at the company's headquarters in Madrid. The causes of this collective dismissal are economic, productive and organizational. The company called workers representatives for a meeting on May 9 to deliver the documentation of the process and start the mandatory thirty-days consultation period.
This staff reduction proposal comes after the company carried out another adjustment in 2017 that affected 457 workers.
Update 10/05/2018:OHL communicated to unions that the dismissal would affect 196 workers in its headquarters in Spain, meaning 160 redundancies and 36 internal relocations. Unions consider the measure out of proportion considering that last year the company already implemented a staff reduction.
Update 11/06/2018:OHL has reduced dismissals to a maximum of 140 at its headquarters in Spain. The agreement, reached with unions, is still waiting for the ratification by workers representives of the company. This reduction is finally less than half of the total workforce of 400 employees of this department.
Eurofound (2018), OHL, Internal restructuring in Spain, factsheet number 93819, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93819.