Type
Internal restructuring
Country
Spain
Region
Noreste; País Vasco; Guipúzcoa
Location of affected unit(s)
Mondragón
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

150 jobs
Number of planned job losses
Job loss
Announcement Date
17 October 2008
Employment effect (start)
1 December 2008
Foreseen end date
2 February 2009

Description

Fagor, a Spanish manufacturer of domestic appliances, has announced that it is to cut 150 jobs at its plants in the Basque Country. The job losses will be achieved through early retirements and relocations to other cooperatives in Mondragon. The reason behind this decision is the drop in sales triggered by the international economic crisis.


Sources

  • 18 October 2008: Cinco Días
  • 17 October 2008: El País

Citation

Eurofound (2008), Fagor, Internal restructuring in Spain, factsheet number 67294, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67294.