EMCC European Monitoring Centre on Change

Inditex

Company/Organisation:
Inditex

Geographic Location

Country: Spain
Region: Comunidad de Madrid
Location of affected unit(s): Meco

Company

Sector: Manufacturing
Manufacture of textiles, apparel, leather and related products
13.9 - Manufacture of other textiles
Number Employed: 2700
Group: Inditex

Employment Effects

Announcement Date: 19-07-2005
Type of Restructuring: Business expansion
Planned Job Creation: 1400

Additional Information

The Inditex Group, one of the world’s largest fashion distribution groups, specialises in textile design, manufacturing and distribution. In 2004, the group had sales amounting to €5,670 million and generated a profit of €628 million. The group decided to create a new logistic and distribution centre in Madrid, involving 1,400 new jobs. Inditex agreed with the regional authorities that the centre will be functioning by the end of 2006. In addition, the group intends to create another two centres in the same province, probably one of them in Arganda (Madrid). Overall, Inditex has six logistic and distribution centres in Spain, in Arteixo (Galicien), Zaragoza (Aragón), Narón (A Coruña, Galicien), Sallent de Llobregat (Barcelona), three in Tordera (Barcelona) and the last one in Elche, employing a total of 2,700 workers.