EMCC European Monitoring Centre on Change

AENA

Company/Organisation:
AENA

Geographic Location

Country: Spain

Company

Sector: Transportation / storage
Transportation and storage
52.23 - Service activities incidental to air transportation
Number Employed: 15000
Group: AENA

Employment Effects

Announcement Date: 05-11-2012
Planned Job Reductions min: 1600
Planned Job Reductions max: 1600
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-11-2012

Additional Information

The public Spanish Airport Company, AENA, will apply a Redundancy Procedure affecting 1600 employees, over 10% of its entire workforce.

The company aims to avoid forced dismissals and will encourage voluntary redundancies and internal mobility instead. The Voluntary Redundancy plan has been agreed with the unions. The agreement includes a social plan aiming to support the dismissed workers, by offering favorable terms to those who depart voluntarily.

AENA, which employs over 15,000 people is in debt by nearly 14,000 million euro, and has already implemented other additional measures of the restructuring plan, such as reduced operational expenses, reduced operating schedules and infrastructure optimization.

After signing the agreement on October 31, AENA became the first Spanish company to apply the royal decree approved on September 29, by which public sector bodies, agencies and entities in deficit or on reduced budget (by at least 5%) may proceed with collective redundancies.