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.
Sony España has announced that it will file a Layoff Plan which will involve reducing the payroll by 275 workers at its centre in Viladecavalls (Barcelona), which produces LCD televisions. The reduction amounts to 23% of the payroll. In a communiqué, the company reported that the plan is being presented after 5 months of negotiations with the unions without reaching agreement on the voluntary feasibility plan which would assure the future of the plant where 1,300 employees work. Sony has also decided to apply a clause of non-application of the salary increase of the Metal Sector Agreement of the province of Barcelona. This will result in the salaries of all workers being frozen.
For further information, see the EIRO report.
Eurofound (2008), Sony, Internal restructuring in Spain, factsheet number 67651, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67651.