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.
Teka, the historic Spanish home appliance manufacturer now owned by China’s Midea Group, has announced an Employment Redundancy File (ERE) that could affect 574 employees across several of its sites in Spain. According to Unions, which have strongly condemned the move, the layoffs will impact 222 workers in Zaragoza, 191 in Santander, 58 in Alcalá de Henares, and 103 across commercial offices in Madrid and other regions.
The company attributes the measure to “productive and organisational causes,” though full details will be provided once the workers’ representative committee is formally constituted and receives the explanatory report and technical documentation.
Unions have rejected the decision as “disproportionate” and inconsistent with Teka’s actual financial position, arguing that the dismissals would only worsen job insecurity in the sector. Unions have urged Teka’s management to explore alternatives that safeguard employment and have called on both regional and national governments to intervene in defence of the workforce and the long-term viability of Teka’s Spanish operations.
Updated, 8 January 2026
Teka has started negotiations with trade unions over a proposed Employment Redundancy File (ERE) that would affect 99 employees across its Spanish operations. The measure would impact approximately 17% of Teka’s 574 workforce in Spain. According to the company’s proposal, the layoffs would be distributed as follows, namely, 47 in Santander, 26 in Zaragoza, 22 in Alcalá de Henares, and 4 from central offices and regional branches. The company cites organisational and production-related causes as the basis for its decision. Unions are expected to demand transparency on the justification for the layoffs and to push for alternative measures to minimise job losses.
Eurofound (2025), Teka, Internal restructuring in Spain, factsheet number 203767, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203767.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
