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 trade unions CC.OO. and UGT in Navarra have agreed with Siemens Gamesa and its employees 226 voluntary resignations, negotiating on the first proposal of 408 dismissals. This is part of a major restructuring plan of Siemens affecting more than 6,000 employees in 24 different countries. The agreement implies redundancies of 45 days per year worked with no upper limit on the number of years, and early retirement for workers over 55 years old. Union representatives argue that this agreement sets a precedent that compels the company to negotiate to agree on working conditions in the future.
Eurofound (2018), Siemens Gamesa, Internal restructuring in Spain, factsheet number 93587, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/93587.