EMCC European Monitoring Centre on Change

Agalsa

Company/Organisation:
Agalsa

Geographic Location

Country: Spain
Region: Principado de Asturias; Noroeste

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25.61 - Treatment and coating of metals
Number Employed: 150
Group: Agalsa group

Employment Effects

Announcement Date: 14-02-2017
Planned Job Reductions min: 150
Planned Job Reductions max: 150
Type of Restructuring: Closure
Direct Dismissals: 150

Additional Information

The company Agalsa, specialised in galvanising metals, has requested to enter into a voluntary bankruptcy proceeding, due to its lack of capacity to re-structure its debt. The proceeding resulted in the announcement to the workforce that the company will dismiss all the 150 workers currently employed. Agalsa justified the current situation as the result of a financing problem.

According to the trade unions, the closure of Agalsa is the result of wrong management decisions. They also stress that workers have suffered delays in the payment of their wages during the last year. Lawyers representing the company argue that the company only owes two monthly wages to the workers.