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.
Nissan Ibérica, the Spanish subsidiary of the Japanese multinational car manufacturer, announced a collective dismissal plan that will affect between 400 and 600 workers. The workforce adjustment considers a maximum of 500 early retirement. At the same time, the company has announced an investment of €70 million in a new paint plant. This was a demand of the unions since it may imply that the Barcelona plant continues to operate in the long term. However, the Nissan works council makes a negative assessment of the announcement for the lack of guarantees regarding the future of Nissan in Barcelona as the possibility of manufacturing a new model to increase the low levels of existing production. On the other hand, the company argues that the Barcelona's plant has given €2 million less profit than last year. This collective dismissal comes after the company expanded its staff in 2014 and 2015.
Eurofound (2019), Nissan Ibérica, Internal restructuring in Spain, factsheet number 97585, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97585.