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.
Construction Construction Of Buildings And Infrastructure Engineering Civil Engineering 42 - Civil engineering
860 jobs Number of planned job losses
Announcement Date
5 June 2009
Employment effect (start)
Foreseen end date
Description
The Begar Construction Company will present an Employment Regulation File for the dissolution of contracts that will affect 270 fixed employees and some 590 contracted for specified works or services, due to the ‘lack of financing', as the company announced to the unions and employees. The clerk of the Federation of Construction, Wood and Goods of the Workers Commission of Castilla y León, Benito del Val, stated today that the situation ‘is terribly difficult, as it would appear that banks have closed their taps, the company has no financial capacity and is faced with closing'.
Eurofound (2009), Begar, Closure in Spain, factsheet number 69322, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69322.
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