Type
Closure
Country
Spain
Region
Sur; Andalucía; Málaga
Location of affected unit(s)
Malaga
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

296 jobs
Number of planned job losses
Job loss
Announcement Date
24 October 2013
Employment effect (start)
Foreseen end date

Description

Global manufacturer of solar energy products Isofoton is to apply for a redundancy procedure (ERE) affecting its entire workforce (296 employees).

As announced, the company plans to keep some of its workforce until its closure by introducing wage cuts (30-40pc).

In June 2013 the company applied for a redundancy procedure that affected 354 employees.


Sources

  • 24 October 2013: El País
  • 24 October 2013: Sur

Citation

Eurofound (2013), Isofoton, Closure in Spain, factsheet number 76136, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76136.