Renfe

Type
Internal restructuring
Country
Spain
Region
Location of affected unit(s)
Sector
Transportation / Storage
49 - Land transport and transport via pipelines
49 - Land transport and transport via pipelines
49 - Land transport and transport via pipelines
1,500 jobs
Number of planned job losses
Job loss
Announcement Date
2 July 2003
Employment effect (start)
1 July 2003
Foreseen end date
1 July 2005

Description

Renfe, a mixt rail company between Spanish State and private capital, announced a huge restructuring programme through early retirement. This year 700 workers will be affected by the measure and the rest (800) by next year.

Sources

  • 3 July 2003: El País
  • 2 July 2003: Expansión

Citation

Eurofound (2003), Renfe, Internal restructuring in Spain, factsheet number 58866, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/58866.