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.
Spanish frozen seafood brand Elmar has made 130 workers redundant. Initially, 110 workers had opted for a voluntary redundancy programme, with compensation of 45 days' pay per year worked. Another 29 employees had chosen to continue working and 35 workers had not voted.
It is reported that the job cuts were implemented in March 2012. According to media reports, the company is now on the way of economic recovery and plans on hiring temporary agency workers to replace some of the redundancies made.
Eurofound (2012), Elmar, Internal restructuring in Spain, factsheet number 73334, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73334.
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