Type
Closure
Country
Spain
Region
Comunidad de Madrid;
Location of affected unit(s)
Madrid City
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

364 jobs
Number of planned job losses
Job loss
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63539.