EMCC European Monitoring Centre on Change

Renfe

Company/Organisation:
Renfe

Geographic Location

Country: Spain

Company

Sector: Transportation / storage
Transportation and storage
49 - Land transport and transport via pipelines
Number Employed: 31109

Employment Effects

Announcement Date: 02-07-2003
Planned Job Reductions min: 1500
Planned Job Reductions max: 1500
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-07-2003
Foreseen End Date: 01-07-2005
Other Job Reduction Measures: 1500

Additional Information

Renfe, a mixt rail company between Spanish State and private capital, announced a huge restructuring programme through early retirement. This year 700 workers will be affected by the measure and the rest (800) by next year.

Sources:

03-07-2003El País
02-07-2003Expansión