Type
Bankruptcy
Country
Spain
Region
Este; Comunidad Valenciana;
Location of affected unit(s)
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41 - Construction of buildings

130 jobs
Number of planned job losses
Job loss
Announcement Date
10 October 2014
Employment effect (start)
10 October 2014
Foreseen end date

Description

The Labour Court of Valencia has approved the labour force adjustment plan presented by Cyes Infraestructuras, which is the main company of the construction group Cyes. The plan envisages 130 job losses. The job reduction measure is a result of the insolvency of the company. 


Sources

  • 10 October 2014: Expansi√≥n

Citation

Eurofound (2014), Cyes Infraestructuras, Bankruptcy in Spain, factsheet number 77703, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77703.