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 29.1 - Manufacture of motor vehicles
440 jobs Number of planned job losses
Announcement Date
15 July 2005
Employment effect (start)
Foreseen end date
Description
The company Nissan is specialised in the production of motor vehicles and has two production centres in Cataluña (Zona Franca and Montcada), one in Avila and another one in Cuatro Vientos (Madrid). The company has agreed with the labour representatives on the closure of the Cuatro Vientos centre which employs 440 workers. Nissan's management has agreed on the relocation of part of the workforce to the centres in Catalonia. Workers willing to be relocated will be granted with an extra allowance and the employees willing to leave the company will received an extra wage amounting to 55 days per year worked. Employees over 52 years old will benefit from early retirement measures and earn 90% of their net salary. The closure of the centre is to take place by 2006.
Sources
15 July 2005: El País
Citation
Eurofound (2005), Nissan, Closure in Spain, factsheet number 61956, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61956.
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