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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
446 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/58928.
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