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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
125 jobs Number of planned job losses
Announcement Date
8 June 2007
Employment effect (start)
27 June 2007
Foreseen end date
Description
Inoxcrom, the Spanish manufacturer of office material is planning to launch a job reduction plan (Expediente de Regulacion de Empleo in Spanish, ERE) on 27 June 2007 which will affect approximately 125 employees, 28% of its workforce in Spain. However these measures may not prevent the closure of the factory in Barcelona, affected by the competition from new low-cost producers. As an additional precautionary measure, a minority shareholder will propose to sell the plant’s plot.
Sources
8 June 2007: Cinco Días
Citation
Eurofound (2007), Inoxcrom, Internal restructuring in Spain, factsheet number 65525, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65525.
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