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.
Altadis, multinational producer of tobacco products, is planning to transfer the employees that it has got in Spain to other centres of the company and to offer early retirement. This reorganisation will also involve the closure of the production centre located in Tres Cantos (Madrid). The company has not announced yet what centres will some employees move to and whether these will be within or outside Spain.
These measures, which also include 239 jobs lost in France, come on top of the industrial restructuring plan currently being implemented in Spain. Altadis has 30 production, service and logistics centres in Spain.
Altadis presented on 6 June 2006 its redundancies procedure in which it has foreseen to dismiss 285 employees instead of the 233 announced previously. The employees over 52 years old will be offered voluntary redundancies that will lead to early retirement and other employees will be offered to move within the company.
Eurofound (2006), Altadis, Internal restructuring in Spain, factsheet number 63357, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63357.
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