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 Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16.29 - Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
176 jobs Number of planned job losses
Announcement Date
4 July 2012
Employment effect (start)
Foreseen end date
Description
The company FAUS, specialized in the manufacturing of wood products, has announced its application for a Redundancy Procedure affecting 176 employees. The measure will affect workers at the manufacturing plant located in Gandia (Valencia).
In 2011, the company had intended to apply for a Redundancy Procedure at this manufacturing plant. However, this intention could never be realised due to pressure from the workers.
The timeline for the restructuring is yet to be announced.
Sources
4 July 2012: Europapress
4 July 2012: Las Provincias
Citation
Eurofound (2012), Faus, Bankruptcy in Spain, factsheet number 73838, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73838.
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