Lladró Comercial

Type
Internal restructuring
Country
Spain
Region
Este; Comunitat Valenciana ; Valencia/València
Location of affected unit(s)
Tavernes Blanques
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23.4 - Manufacture of other porcelain and ceramic products
23.41 - Manufacture of ceramic household and ornamental articles
275 jobs
Number of planned job losses
Job loss
Announcement Date
17 October 2008
Employment effect (start)
10 November 2008
Foreseen end date
31 December 2008

Description

Lladro, a Spanish luxury porcelain manufacturer, is to cut 275 workers (19% of its total workforce) in order to "ensure the continuity of the company" hit by several crisis since 2002. Any attempt to counteract the trend in falling sales (e.g. launch of a new production line) has been unsuccessful due to the current global economic slowdown.

Sources

Citation

Eurofound (2008), Lladró Comercial, Internal restructuring in Spain, factsheet number 67291, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67291.