EMCC European Monitoring Centre on Change

Haya Real Estate

Haya Real Estate

Geographic Location

Country: Spain
Region: Comunidad de Madrid


Sector: Real estate
Real estate activities
68.32 - Management of real estate on a fee or contract basis
Number Employed: 1125
Group: Cerberus

Employment Effects

Announcement Date: 10-02-2020
Planned Job Reductions min: 292
Type of Restructuring: Internal restructuring

Additional Information

The credit and real estate management company Haya Real Estate has announced a workforce adjustment plan that will affect 292 employees. The company argues that the restructuring is due to economic reasons such as the reduction of services provided to its client Sareb, as well as organisational and productive reasons due to the digitalisation and automation of certain processes. The negotiation process between the company and unions will last until March 10. This process follows a workforce increase which took place in 2019 and brought the current number of employees to 1,125.