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.
In March 2003, Nissan, the car maker, threatened to dismiss 600 workers in its plants in Spain if the production of 125,000 units was not reached within the following weeks. The company has 3,600 workers in Spain, out of which 3,285 work in Nissan's production plants of Zona Franca and Montcada (Catalonien, Spain). On 28 May 2004, a final labour agreement for the years 2004 to 2007 has been reached between labour representatives and management. The agreement includes the incentivated dismissal of 200 of its workforce with an age average over 56 years and the hiring of new labour (500 to 600 employees) earning only up to 75% of the average salary (the new workers are to earn the same as the other employees within a maximum period of five years). On 16 June 2004 Nissan had already hired 80 new workers with an age average under 29 years old and from which a dozen are women. Nissan has agreed with the regional authorities that 30% of the hiring would be women. On 6 July Nissan had already hired 371 workers. 60% of the newly hired had already been working for Nissan before. On 1 September 2004, Nissan had already hired during July and August up to 605 new temporary workers to increase its production capacity.
Eurofound (2004), Nissan, Internal restructuring in Spain, factsheet number 58878, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/58878.
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