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.
Siemens Gamesa, a Spanish-German wind engineering company specialised in the manufacturing of wind turbines and onshore/offshore wind services, has announced an employment regulation file (ERE) to eliminate 430 jobs in Spain out of a total of its global payroll of 4,100.
The company has announced 28 May 2024 this employment adjustment to be initially focused on office staff, with a 13% reduction in employment in this area and geographically located in the centres of Sarriguren (Navarre), Zamudio (Basque Country) and Madrid. It is not yet known how the adjustment plan will affect each work centre, but it seems that the company could clarify this in the next Employment Committee, to be scheduled for mid-July.
The unions have rejected the adjustment plan presented by the company, which has demanded a viability plan to avoid these redundancies.
Previous restructuring events in Siemens Gamesa were recorded in 2022 Siemens Gamesa-2022-ES and 2021 Siemens Gamesa-2021-ES
Updated, 19th December 2024: Siemens Gamesa has reduced to 250 the number of job redundancies expected to be implemented in Spain in the first quarter of 2025 (and initially estimated at 430 in May 2024). This reduction by almost half in the number of proposed redundancies has come about thanks to the relocations in other Siemens Energy's expansion areas that have been negotiated over the last few months. The adjustment will focus on office staff at the Sarriguren (Navarre), Zamudio (Basque Country) and Madrid centres. The trade unions, in any case, hope to reduce the impact of the adjustment with internal relocations and incentivised redundancies to avoid traumatic departures.
Updated, 7th February 2025: Siemens Gamesa has reached an agreement with trade union representatives to address the workforce adjustment already announced several months ago. Under the terms of the agreement, a total of 129 employees, primarily office staff, will leave the company (from the 430 initially expected some months ago). The agreement also includes an option for employees to voluntarily exchange affected positions; compensation of 45 days' salary per year of service, with no cap on the number of years and a minimum severance payment of €30,000; early retirement from the age of 55, with a maximum severance package of €80,000 and a salary range of between 70% and 85% of their current wage; and, for employees aged over 61, compensation of 45 days’ salary per year of service, capped at two years' salary. Additionally, the agreement includes a "100% external redeployment guarantee for all affected employees," and the company has committed to continuing internal redeployment efforts.
Eurofound (2024), Siemens Gamesa, Internal restructuring in Spain, factsheet number 201217, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201217.
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