Type
Closure
Country
Spain
Region
Comunidad de Madrid;
Location of affected unit(s)
Madrid
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10 - Manufacture of food products

60 jobs
Number of planned job losses
Job loss
Announcement Date
19 April 2006
Employment effect (start)
Foreseen end date

Description

Panrico is a spanish company which makes bread and cakes. It has been bought by the capital fund Apax Partners and it has announned the closure of the centre that is located in Villaverde, a neighbourhood in the city of Madrid.

The company has committed to avoid dismissals and will offer early retirement or move the employees to other centres. It has not announced if the employees will be offered to move to other centres in Spain or abroad.


Sources

  • 19 April 2006: El PaĆ­s

Citation

Eurofound (2006), Panrico, Closure in Spain, factsheet number 63443, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63443.