EMCC European Monitoring Centre on Change

Samsung

Company/Organisation:
Samsung

Geographic Location

Country: Spain
Region: Barcelona; Cataluña; Este
Location of affected unit(s): Palau-solità i Plegamans

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 446
Group: Samsung Electronics Co, Ltd

Employment Effects

Announcement Date: 15-01-2004
Planned Job Reductions min: 446
Planned Job Reductions max: 446
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 01-01-2004
Foreseen End Date: 01-03-2004
Direct Dismissals: 446

Additional Information

Samsung is to close its plant in Barcelona due to the argued lack of competitiveness of the Spanish work market. The Catalan Government gave to Samsung 3.47 million euros from state resources from 1990 to 2002. Samsung gained 12.7% more this year than last year. The production of DVD players is going to be relocated to the Czech Republic.