EMCC European Monitoring Centre on Change

ThyssenKrupp Galmed

ThyssenKrupp Galmed

Geographic Location

Country: Spain
Region: Valencia / València; Comunidad Valenciana; Este
Location of affected unit(s): Sagunto


Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.43 - Lead, zinc and tin production
Number Employed: 165
Group: ThyssenKrupp

Employment Effects

Announcement Date: 05-07-2013
Planned Job Reductions min: 165
Planned Job Reductions max: 165
Type of Restructuring: Closure

Additional Information

ThyssenKrupp Galmed, part of the German multinational steel conglomerate ThyssenKrupp, has announced plans to apply for a redundancy procedure (ERE) affecting all 165 employees at its plant in Sagunto (Valencia), Spain.

The unions reacted strongly and the plan created a lot of controversy: MEP Francisco Sosa Wagner (UPyD) has asked for an official answer by the European Commission on the case (see here).

The first consultation meeting between the management and workers representatives has already taken place to discuss the conditions for the restructuring plan, as a preliminary measure to the plant's closure. The next meeting will be held on 9 July 2013.

The restructuring in Galmed TK is part of a large restructuring plan previously announced (see here).