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.
Benavente ( Zamora, Castilla Y León) y Malpartida ( Caceres, Extremadura)
Sector
Manufacturing Manufacture Of Tobacco Products Manufacture Of Tobacco Products 12 - Manufacture of tobacco products
250 - 265 jobs Number of planned job losses
Announcement Date
2 December 2005
Employment effect (start)
Foreseen end date
Description
Agroexpansión S.A. based in Caceres ( Extremadura) and World Wide Tobacco (Zamora, Castilla Y León) belong to the Consortium AOI (Alliance One International) and are specialised in the production of tobacco. The Consortium AOI has taken the decision to close both centres resulting in the creation of 250 to 265 redundancies. The decision of the Consortium has been taken in order to adapt the company to the new rules within the common market regulation of the sector.
Sources
2 December 2005: El País
Citation
Eurofound (2005), World Wide Tobacco- Agroexpansión S.A., Closure in Spain, factsheet number 62590, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62590.
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