Type
Internal restructuring
Country
Spain
Region
Este; Comunidad Valenciana; Valencia / València
Location of affected unit(s)
Xátiva
Sector
Real Estate
Real Estate Activities
Real Estate Activities
68 - Real estate activities

236 jobs
Number of planned job losses
Job loss
Announcement Date
1 October 2007
Employment effect (start)
1 October 2007
Foreseen end date

Description

Llanera Corporation, a firm that operates in the real estate and construction sector, has announced that three of its subsidiaries are to close with the loss of 236 jobs. The job losses will affect the region of Xátiva, and the job losses are to be implemented from 1st October 2007. The firm attributes the job losses to the decline of the Spanish real estate market.


Sources

  • 12 November 2007: Cinco Días
  • 1 October 2007: El País

Citation

Eurofound (2007), Llanera, Internal restructuring in Spain, factsheet number 65905, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65905.