EMCC European Monitoring Centre on Change

Centro de Investigación Príncipe Felipe (CIPF)

Company/Organisation:
Centro de Investigación Príncipe Felipe (CIPF)

Geographic Location

Country: Spain
Region: Valencia / València; Comunidad Valenciana; Este

Company

Sector: Professional services
Scientific research and development
72 - Scientific research and development
Number Employed: 258

Employment Effects

Announcement Date: 19-10-2011
Planned Job Reductions min: 108
Planned Job Reductions max: 108
Type of Restructuring: Internal restructuring
Direct Dismissals: 56

Additional Information

The Medical Research Centre "Centro de Investigación Príncipe Felipe" will apply for a Redundancy Procedure affecting 108 workers. It is planned that 40 employees will be relocated, 12 ending contracts will not be renewed, so that 56 employees would be affected by direct dismissals. Additionally, those researchers staying in the center, about 150, are said to face changing working conditions including wage reductions.

The measure is attributed to the negative financial situation of the research centre. The institute is mainly financed by the regional government of Valencia.