Type
Closure
Country
Spain
Region
Este; Comunidad Valenciana; Valencia / València
Location of affected unit(s)
Sagunto
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.43 - Lead, zinc and tin production
European Globalisation Fund (EGF)
Year: 2014, Case number: 4

165 jobs
Number of planned job losses
Job loss
Announcement Date
5 July 2013
Employment effect (start)
Foreseen end date

Description

ThyssenKrupp Galmed, part of the German multinational steel conglomerate ThyssenKrupp, has announced plans to apply for a redundancy procedure (ERE) affecting all 165 employees at its plant in Sagunto (Valencia), Spain.

The unions reacted strongly and the plan created a lot of controversy: MEP Francisco Sosa Wagner (UPyD) has asked for an official answer by the European Commission on the case (see here).

The first consultation meeting between the management and workers representatives has already taken place to discuss the conditions for the restructuring plan, as a preliminary measure to the plant's closure. The next meeting will be held on 9 July 2013.

The restructuring in Galmed TK is part of a large restructuring plan previously announced (see here).


Sources

  • 5 July 2013: ABC

Citation

Eurofound (2013), ThyssenKrupp Galmed, Closure in Spain, factsheet number 75636, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75636.