Samsung

Type
Closure
Country
Spain
Region
Este; Cataluña; Barcelona
Location of affected unit(s)
Palau-solità i Plegamans
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
446 jobs
Number of planned job losses
Job loss
Announcement Date
15 January 2004
Employment effect (start)
1 January 2004
Foreseen end date
1 March 2004

Description

Samsung is to close its plant in Barcelona due to the argued lack of competitiveness of the Spanish work market.

The Catalan Government gave to Samsung 3.47 million euros from state resources from 1990 to 2002. Samsung gained 12.7% more this year than last year.

The production of DVD players is going to be relocated to the Czech Republic.

Sources

  • 16 January 2004: El País
  • 15 January 2004: Expansión

Citation

Eurofound (2004), Samsung, Closure in Spain, factsheet number 58928, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/58928.