Type
Closure
Country
Spain
Region
Centro; Extremadura; Badajoz
Location of affected unit(s)
Jerez de los Caballeros
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24 - Manufacture of basic metals

534 jobs
Number of planned job losses
Job loss
Announcement Date
8 November 2013
Employment effect (start)
19 November 2013
Foreseen end date
20 November 2013

Description

Steel company Sideurgica Balboa will close its plant in Jerez de los Caballeros (Extremadura) and dismiss all 534 staff.

Although the company will have a meeting with the unions on the 18th of November, it has already announced that workers will be dismissed on 19th November.

In 2010, the company had announced the dismissal of 237 staff due to economic problems.


Sources

  • 8 November 2013: Expansión

Citation

Eurofound (2013), Siderurgica Balboa, Closure in Spain, factsheet number 76165, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76165.