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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
443 jobs Number of planned job losses
Announcement Date
14 October 2004
Employment effect (start)
14 October 2004
Foreseen end date
31 December 2006
Description
Renault Trucks is specialised in the production of motor vehicles and motor vehicles accessories. The company will present on 14 October 2004 a job reduction plan to the labour representatives. The job reduction plan includes the closure of the plant based in Villaverde (Madrid). Other measures concern an investment package of up to € 35 million to open a new plant. The present Villaverde plant has increased production this year by 7%. The new plant will employ 150 employees which are not affected by these measures.
Sources
13 October 2004: La Gaceta de los Negocios
Citation
Eurofound (2004), Renault Trucks, Closure in Spain, factsheet number 60670, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60670.
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