Type
Internal restructuring
Country
Spain
Region
Noreste; País Vasco; Vizcaya
Location of affected unit(s)
Bilbao
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Civil Engineering
42 - Civil engineering

353 jobs
Number of planned job losses
Job loss
Announcement Date
4 July 2008
Employment effect (start)
1 September 2008
Foreseen end date
31 December 2008

Description

The Basque construction group Urazca has announced the dismissal of 353 workers from a total of 515 workers. The judge responsible for following the process has authorized dismissals with the intention of maintaining the activity of the company.


Sources

  • 3 July 2008: Cinco Días
  • 4 July 2008: Cinco Días

Citation

Eurofound (2008), Urazca, Internal restructuring in Spain, factsheet number 66903, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66903.