Internal restructuring
Este; Illes Balears;
Location of affected unit(s)
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Leather And Related Products
15 - Manufacture of leather and related products

115 jobs
Number of planned job losses
Job loss
Announcement Date
1 October 2005
Employment effect (start)
10 August 2006
Foreseen end date


Yankoo, a Spanish shoe manufacturer, announced on 10 August 2006 that it is going to dismiss 115 employees (70% of its workforce of 170 employees) in the factory it has in Mallorca (Islas Baleares).

This company filed for temporary receivership October 2005 and announced that it would end up employing only 15 people.

In May 2006 the employees went to courts and tried to sue the company arguing that Yankoo had tried to evade responsability by selling one of the buildings of the factory to a purchaser that did not know that 60 employees worked in it. However the trial did not take place.

Apparently, when the company filed for temporary receivership in 2005 its intentions were to offshore its activity to India but this has not been possible.


  • 10 August 2006: El País
  • 30 May 2006: El País


Eurofound (2005), Yanko, Internal restructuring in Spain, factsheet number 64453, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64453.