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 marble and granite multinational company Levantina announced a collective dismissal plan that initially would affect 307 workers in the work centers of Pontevedra and especially in the Novelda quarry (Alicante). Negotiations with workers' representatives have reduced the proposed number of dismissals to 253. This collective dismissal plan comes with a proposal to change the working conditions of employees who remain. This would entail that they need to adapt to the new production plan. These announcements are the first decisions of the new president of the group. This plan for collective dismissal is the third in the last ten years in Levantina: 200 employees in 2009 and 100 employees in 2012.
Eurofound (2019), Levantina, Internal restructuring in Spain, factsheet number 97583, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97583.