The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.80 - Manufacture of magnetic and optical media
133 jobs Number of planned job losses
Announcement Date
30 January 2014
Employment effect (start)
Foreseen end date
31 March 2014
Description
Sonopress, manufacturer of CDs and DVSs, will close its plant located in Coslada (Madrid) on 31 March, resulting in the dismissal of 133 staff.
According to an agreement with the company’s works council, dismissed workers will receive a severance pay equal to 40 days per year worked up to a maximum to 40 months. Furthermore, there will be an early retirement scheme for workers older than 54 years.
Sources
6 February 2014: Telemadrid
30 January 2014: El Mundo
Citation
Eurofound (2014), Sonopress, Closure in Spain, factsheet number 76568, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76568.
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