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 engineering and capital goods group Duro Felguera has announced plans to reduce workforce in several parent companies in Asturias, for economic, productive and organisational reasons. The management proposed the redundancy programme (ERE) to the trade union representatives: it should affect 208 workers. This represents 16% of Duro Felguera's workforce in Asturias, where the group employs 1,293 workers. The dismissals will affect the parent companies DFOM (installations and assembly), Mompresa (installation of machinery and industrial equipment) and Felguera Ihi (technical engineering services).
Negotiations between trade unions and companies will last one month.
A previous job cut restructuring event was recorded in the ERM database in 2018 (Duro Felguera- 2018- ES).
Updated (27/10/2022)
Duro Felguera of Spain has announced that it will extend the deadline for its employees to leave the company by 18 months. The company has said that it needs to lay off 208 employees for economic, organisational and productive reasons, with compensation of 20 days per year worked and a maximum of two annuities. However, the Unions have said that the criteria to determine employees to be laid off should be more organisational and not just economic.
Updated (4/11/2022)
Duro Felguera of Spain has reduced the number of layoffs it considers necessary to ensure the future viability of the company, from an initial proposal of 208 in Spain plus another 40 posts that would be amortised abroad, to a maximum of 180 exits. The company now accepts to pay 28 days per year worked and set the limit at 15 monthly payments. What does not vary is the period of execution of the employment adjustment plan (ERE), which remains at 18 months. Once this new offer is submitted and the negotiating deadline is over, the unions will hold worker assemblies to seek the opinion of the staff and on 17 November the vote will be held to ratify or reject the agreement.
Updated (9/11/2022)
The Spanish machinery engineering and process plant engineering company Duro Felguera has announced that it will be able to terminate up to 180 of its employees over the next 18 months. The decision has been approved by the company's workers' union, which has said that it is not possible for the company to decide which employees will leave the company after the agreement has been reached.
Eurofound (2022), Duro Felguera, Internal restructuring in Spain, factsheet number 107582, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/107582.
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