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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.9 - Manufacture of other textiles
1,400 jobs Number of planned job creations
Announcement Date
19 July 2005
Employment effect (start)
Foreseen end date
Description
The Inditex Group, one of the world's largest fashion distribution groups, specialises in textile design, manufacturing and distribution. In 2004, the group had sales amounting to €5,670 million and generated a profit of €628 million. The group decided to create a new logistic and distribution centre in Madrid, involving 1,400 new jobs. Inditex agreed with the regional authorities that the centre will be functioning by the end of 2006. In addition, the group intends to create another two centres in the same province, probably one of them in Arganda (Madrid). Overall, Inditex has six logistic and distribution centres in Spain, in Arteixo (Galicien), Zaragoza (Aragón), Narón (A Coruña, Galicien), Sallent de Llobregat (Barcelona), three in Tordera (Barcelona) and the last one in Elche, employing a total of 2,700 workers.
Sources
19 July 2005: El País
Citation
Eurofound (2005), Inditex, Business expansion in Spain, factsheet number 61957, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61957.
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