Avantiz Telecom

Type
Internal restructuring
Country
Spain
Region
Location of affected unit(s)
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
470 jobs
Number of planned job losses
Job loss
Announcement Date
11 February 2004
Employment effect (start)
1 February 2004
Foreseen end date
1 February 2004

Description

Avantiz Telecom is a group formed by Acciona, Caja Segovia y Caja San Fernando. They are on the verge of bankruptcy; this restructuring plan involving 470 people is aiming at saving the company.

Sources

  • 11 February 2004: El País

Citation

Eurofound (2004), Avantiz Telecom, Internal restructuring in Spain, factsheet number 60045, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60045.