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 Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.3 - Finishing of textiles
European Globalisation Fund (EGF)
Year: 2008, Case number: 5
280 jobs Number of planned job losses
Announcement Date
16 January 2008
Employment effect (start)
31 January 2008
Foreseen end date
31 July 2008
Description
Fibracolor, a Spanish textile dye firm, has announced that it is to cut 280 jobs with the closure of its facility on July 31 after negotiating the economic compensation with its workers. The firm, jointly owned by Inditex and the regional government of Catalonia, employed 280 workers. Last November the firm initially considered only a reduction of 150 jobs, but the impossibility of ensuring continuity of the activity has led to the decision to close the firm permanently.
Sources
22 January 2008: El País
17 January 2008: El País
Citation
Eurofound (2008), Fibracolor, Closure in Spain, factsheet number 66059, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66059.
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