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.
The company A novo, specialised in the manufacture of mobile phones is based in Málaga (Andalusien, Spain) on the former Alcatel plant. On 31 May 2005, the company presented a job reduction plan affecting 190 employees. After several negotiations with the labour representatives, the management has not reached a satisfactory agreement.
On 8 June 2005, the management has announced the closure of the plant creating up to 600 redundancies if the company does not receive public aids from the regional authorities and if the regional authorities do not approve the presented job reduction plan. This could affect not only the 600 workers A Novo employs in the province of Málaga, but also 200 indirect related employments in the area.
Eurofound (2005), A Novo, Internal restructuring in Spain, factsheet number 61730, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61730.
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