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.
(10 - 33) Manufacturing (31) Manufacture of furniture 31 - Manufacture of furniture 31 - Manufacture of furniture
125 jobs Number of planned job losses
Announcement Date
8 June 2007
Employment effect (start)
27 June 2007
Foreseen end date
Description
Inoxcrom, the Spanish manufacturer of office material is planning to launch a job reduction plan (Expediente de Regulacion de Empleo in Spanish, ERE) on 27 June 2007 which will affect approximately 125 employees, 28% of its workforce in Spain. However these measures may not prevent the closure of the factory in Barcelona, affected by the competition from new low-cost producers. As an additional precautionary measure, a minority shareholder will propose to sell the plant’s plot.
Sources
8 June 2007: Cinco Días
Citation
Eurofound (2007), Inoxcrom, Internal restructuring in Spain, factsheet number 65525, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65525.
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