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 (26 - 27) Manufacture of electrical, electronic and optical products 27 - Manufacture of electrical equipment 27 - Manufacture of electrical equipment
364 jobs Number of planned job losses
Announcement Date
20 May 2006
Employment effect (start)
Foreseen end date
Description
Denali Partners, an American consultancy and investments firm, has announced that they are going to close a centre in Madrid. The company bought this centre from Tyco, the American electronics multinational, at the end of April 2006. Unions have denounced that the company is going to sell the building now that the prices are very high in that neighbourhood of Madrid.
Sources
22 May 2006: El PaĆs
Citation
Eurofound (2006), Tyco, Closure in Spain, factsheet number 63539, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63539.