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.
PepsiCo, US multinational PepsiCo, manufacturer, marketer, and distributor of beverages and snacks, has announced its intention to launch an Employment Redundancy File (ERE) in Spain that could affect almost all of the 400 employees working in its 11 remaining direct distribution centres across the country. The closures will impact facilities in different locations in Spain, including Madrid (Coslada and Leganés), Barcelona (2), Bilbao, San Sebastián, Vitoria, Málaga, Valencia, Alicante, and Palma de Mallorca.
The company explained that the measure forms part of its strategy to transition from a direct to an indirect distribution model, aligning with broader industry trends. PepsiCo stated that the shift would be implemented “progressively and responsibly”.
Trade Unions have expressed strong opposition to the new layoffs, describing the measure as “unjustified and disproportionate” and warning that it will not solve the company’s underlying profitability issues. Unions have pledged to negotiate alternatives such as redeployment opportunities and voluntary exits, while seeking the highest possible severance compensation for affected workers.
Pepsico experienced two previous restructuring events in 2025 Pepsico 2025-ES and 2022 Pepsico 2022-ES and resulting in the dismissal of 250 and 530 jobs, respectively.
Updated 5 March 2026
PepsiCo has reached an agreement with trade unions to conclude its latest collective redundancy plan (ERE), which will result in approximately 414 layoffs in Spain. The restructuring affects the entire commercial distribution division responsible for supplying bars, restaurants and small retailers, representing around 16% of the company’s workforce in the country. The exits will be carried out progressively until 31 December 2028. Unions have endorsed the agreement, describing the negotiated conditions as favourable and well above the statutory minimum. PepsiCo recognises the dismissals as unfair, offering early retirement from age 56 with 70% to 90% of net salary guaranteed until pension age. Younger employees will receive compensation based on unfair dismissal terms plus additional supplements ranging from €8,090 to €17,330, while more recent hires will see minimum legal severance increased by 14% to 17%.
Eurofound (2026), Pepsico, Outsourcing in Spain, factsheet number 204063, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/204063.