Ferraz Shawmut

Type
Bankruptcy
Country
Spain
Region
Este; Cataluña; Barcelona
Location of affected unit(s)
L'Hospitalet de Llobregat
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
130 jobs
Number of planned job losses
Job loss
Announcement Date
29 October 2003
Employment effect (start)
1 November 2003
Foreseen end date
1 November 2003

Description

Ferraz Shawmut, subsidiary of Carbone Lorraine a french bankrupted company, announced the closure of its activities, affecting 130 jobs. The reasons are a 20% decrease of their orders for the next months.

Sources

Citation

Eurofound (2003), Ferraz Shawmut, Bankruptcy in Spain, factsheet number 59452, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59452.