EMCC European Monitoring Centre on Change

Moulinex

Company/Organisation:
Moulinex

Geographic Location

Country: Spain
Region: Huesca; Aragón; Noreste
Location of affected unit(s): Barbastro

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Group: Moulinex

Employment Effects

Announcement Date: 06-12-2002
Planned Job Reductions min: 407
Planned Job Reductions max: 407
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 01-12-2002
Direct Dismissals: 407

Additional Information

The management of Moulinex has communicated to the Labour Representatives the closure of the production plant in Barbastro although the plant shows to be 40 % more profitable than the other European production plants of the group. The formal reason is that it cannot compete with the group´s production costs in China. The company does not have the intention of closing the French production plants.