Type
Internal restructuring
Country
Spain
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.71 - Retail sale of clothing in specialised stores

711 jobs
Number of planned job losses
Job loss
Announcement Date
24 July 2013
Employment effect (start)
2 September 2013
Foreseen end date

Description

Spanish fashion retailer Blanco will apply for a redundancy procedure affecting 711 employees. The agreed plan with the unions envisages 515 job cuts from the shops and 196 from the central services.

The measure also implies the closure of 42 stores. Moreover, 172 job cuts will be implemented by means of voluntary departures.

According to the union CCOO, the job cuts are expected to be less than initially planned. Dismissed workers will receive compensation equal to 20 days pay per year worked up to a maximum of 12 months


Sources

  • 24 July 2013: La Raz√≥n

Citation

Eurofound (2013), Blanco, Internal restructuring in Spain, factsheet number 75698, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75698.