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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
96 jobs Number of planned job losses
Announcement Date
22 April 2008
Employment effect (start)
3 November 2008
Foreseen end date
31 December 2008
Description
Draka, which manufactures cables for the car industry, has announced the closure of its plant in Vigo, Spain, with the loss of 96 jobs. Draka is a transnational Dutch company dedicated to the production of cables for the car industry. The board of directors adopted this decision as a result of the fact that its main clients have relocated their production to countries with cheap labour in North Africa and Eastern Europe. Its factory in Vigo has 100 employees in total.
Sources
22 April 2008: Expansión
Citation
Eurofound (2008), Draka, Closure in Spain, factsheet number 68114, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68114.
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