EMCC European Monitoring Centre on Change

Saenz Merino

Company/Organisation:
Saenz Merino

Geographic Location

Country: Spain
Region: Valencia / València; Comunidad Valenciana; Este
Location of affected unit(s): Benaguasil, Segorbe and Cheste (Valencia)

Company

Sector: Manufacturing
Manufacture of textiles, apparel, leather and related products
13 - Manufacture of textiles
Number Employed: 1600
Group: Saez Merino

Employment Effects

Announcement Date: 06-01-2003
Planned Job Reductions min: 140
Planned Job Reductions max: 140
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2004
Foreseen End Date: 31-12-2004
Direct Dismissals: 140
Other Job Reduction Measures: 60

Additional Information

The Saez Merino Company is specialised in the manufacture of cotton type clothing for other firms in the sector. On December 2003, the company started a restructuring process which included the opening of two new stores in Madrid and Barcelona and the dismissal of 140 workers. The job losses concern 80 long term contracts and 60 interim contracts.