Sonopress

Type
Closure
Country
Spain
Region
Comunidad de Madrid; Comunidad de Madrid;
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26.7 - Manufacture of optical instruments, magnetic and optical media and photographic equipment
26.70 - Manufacture of optical instruments, magnetic and optical media and photographic equipment
133 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/76568.