Faus

Type
Bankruptcy
Country
Spain
Region
Este; Comunitat Valenciana ; Valencia/València
Location of affected unit(s)
Gandia
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16.2 - Manufacture of products of wood, cork, straw and plaiting materials
16.27 - Finishing of wooden products
176 jobs
Number of planned job losses
Job loss
Announcement Date
4 July 2012
Employment effect (start)
Foreseen end date

Description

The company FAUS, specialized in the manufacturing of wood products, has announced its application for a Redundancy Procedure affecting 176 employees. The measure will affect workers at the manufacturing plant located in Gandia (Valencia).

In 2011, the company had intended to apply for a Redundancy Procedure at this manufacturing plant. However, this intention could never be realised due to pressure from the workers.

The timeline for the restructuring is yet to be announced.

Sources

  • 4 July 2012: Europapress
  • 4 July 2012: Las Provincias

Citation

Eurofound (2012), Faus, Bankruptcy in Spain, factsheet number 73838, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73838.