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.
Delphi, manufacturer of automobile components, is to apply for a redundancy procedure (ERE) with the consequent loss of 171 jobs in Sant Cugat del Valles (Barcelona). This amounts to a reduction of 24% of its entire workforce.
The company is to apply for the ERE on November 28th. Dismissed workers are asked to leave the company in December 2013.
The company blames the measures on a severe drop in sales (12pc in 2013).
Unions oppose the measure, asking for alternative plans avoiding direct dismissals. The management is to meet unions on October 28th which is to clarify details of the dismissals.
The company is part of the US-based Delphi group. In 2012 the company had applied for a temporary redundancy procedure that lasted 20 days.
Eurofound (2013), Delphi, Internal restructuring in Spain, factsheet number 76044, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76044.
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