EMCC European Monitoring Centre on Change



Geographic Location

Country: Spain
Region: Cantabria; Noroeste
Location of affected unit(s): Los Corrales de Buelna


Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.1 - Manufacture of basic iron and steel and of ferro-alloys
Number Employed: 247
Group: Grupo Celsa

Employment Effects

Announcement Date: 31-01-2004
Planned Job Reductions min: 180
Planned Job Reductions max: 180
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 01-01-2004
Foreseen End Date: 01-12-2004
Direct Dismissals: 180

Additional Information

Grupo Celsa is closing the factory in Cantabria sooner than expected. They will dismiss 90 workers now and another 90 in December 2004. The rest of the employees will be transfered to other factories of the group.