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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
323 jobs Number of planned job losses
Announcement Date
15 February 2011
Employment effect (start)
Foreseen end date
Description
After reaching an agreement with the unions, high-end clothing retailer Liz Claiborne will apply for the redundancy procedure (Expediente de Regulación de Empleo) resulting in the loss of 323 jobs. Some 147 of the affected employees have been offered other positions with Mexx Southern Europe, the group to which Liz Claiborne belongs. These employees will receive a redundancy pay of 25 days' pay for every year's service. The rest of the employees will receive a redundancy pay equivalent to 40 days' pay per year of service.
Sources
15 February 2011: Expansión
Citation
Eurofound (2011), Liz Claiborne, Closure in Spain, factsheet number 71599, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71599.
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