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.
Aernnova Aerospace, the Spanish aeronautical component manufacturer, has announced a collective dismissal plan affecting about 190 of its employees: around 100 at its factory in Berantevilla (Alava), and around 90 at its factory in Seville. Overall, both sites currently employ about 630 people. In addition, the company has also announced a temporary layoff plan since 2021 for about 67 employees at Alava factory, while 114 employees at Seville factory are already temporarily laid off.
Aernnova Aerospace assured that these measures are necessary for the survival of the company, adapting its productive capacity to the strong contraction in demand in the sector caused by the COVID-19 crisis. The company also declared that its losses until September amount to €42 million and that they will increase along the last quarter of the year.
The unions CCOO and UGT have opposed the dismissals, arguing that the 'lack of structural workload' claimed by the company is not real; indeed, the general secretary of the Provincial Union of Industry of CCOO of Seville stated that 'the current crisis in the aerospace sector is temporary, and it must be treated as such'. For this reason, both unions have jointly called an indefinite strike since 9 December 2020.
Aernnova was created in 2006 and specialised in the design and manufacture of aerostructures (such as wings, stabilisers and fuselages) for the main Original Equipment Manufacturers. The company announced last summer the collective dismissal of 950 employees, among which 650 in Spain, although the final number of affected workers has later been reduced.
Eurofound (2020), Aernnova Aerospace, Internal restructuring in Spain, factsheet number 102785, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102785.
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