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.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.20 - Activities of holding companies
188 jobs Number of planned job losses
Announcement Date
16 October 2018
Employment effect (start)
1 January 2019
Foreseen end date
Description
Mexican multinational building materials company, Cemex, has announced the closure of two of its seven production plants in Spain: Gádor (Almeria), and Lloseta (Baleares). This decision will affect more than 200 workers out of the 1,000 that the company employs in Spain. According to Cemex, the dismissals are partly due to the implementation of the new European regulation on reducing carbon dioxide (CO2) emissions from 2020. A meeting between the company and workers representatives is scheduled for 26 December 2018 and the dismissals are expected to start from January 2019.
A previous restructuring took place in 2013, when 156 jobs were lost.
Update 06/01/2019
Cemex officially presented a layoff plan, which will eventually affect 188 employees.
Sources
Citation
Eurofound (2018), Cemex, Closure in Spain, factsheet number 96038, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96038.
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