Type
Internal restructuring
Country
Spain
Region
Este; Comunidad Valenciana; Valencia / València
Location of affected unit(s)
La Yutera de Foios
Sector
Construction
Specialised Construction Activities
Specialised Construction Activities
43 - Specialised construction activities

204 jobs
Number of planned job losses
Job loss
Announcement Date
31 August 2011
Employment effect (start)
Foreseen end date

Description

Plumbing company Válbulas Arco has announced the intention to apply for a labour force adjustment plan which will affect 204 employees. The measure is blamed on reduced turnover. As of August 2011, there is no information on when the job cuts will be implemented by.


Sources

  • 30 August 2011: Las Provincias

Citation

Eurofound (2011), Válvulas Arco, Internal restructuring in Spain, factsheet number 72326, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72326.