Type
Closure
Country
Spain
Region
Noreste; País Vasco; Vizcaya
Location of affected unit(s)
Galdakao
Sector
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
16.21 - Manufacture of veneer sheets and wood-based panels

240 jobs
Number of planned job losses
Job loss
Announcement Date
29 June 2012
Employment effect (start)
Foreseen end date

Description

The company Fornica, specialized in the manufacture of veneer sheets, will close its plant located in Galdakao (the Basque Country). The closure implies the dismissal of 240 workers. The measure is blamed on a drop in production by 40%.

After the closure of the plant in Galdakao, the company's only remaining plant in will be located in Valencia.


Sources

  • 29 June 2012: El País

Citation

Eurofound (2012), Formica, Closure in Spain, factsheet number 73925, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73925.