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 Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.41 - Manufacture of ceramic household and ornamental articles
275 jobs Number of planned job losses
Announcement Date
17 October 2008
Employment effect (start)
10 November 2008
Foreseen end date
31 December 2008
Description
Lladro, a Spanish luxury porcelain manufacturer, is to cut 275 workers (19% of its total workforce) in order to "ensure the continuity of the company" hit by several crisis since 2002. Any attempt to counteract the trend in falling sales (e.g. launch of a new production line) has been unsuccessful due to the current global economic slowdown.
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