EMCC European Monitoring Centre on Change

Segura

Company/Organisation:
Segura

Geographic Location

Country: Spain
Region: Valencia / València; Comunidad Valenciana; Este
Location of affected unit(s): Burjassot

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25.50 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy
Number Employed: 1044

Employment Effects

Announcement Date: 18-06-2020
Planned Job Reductions min: 167
Type of Restructuring: Internal restructuring
Direct Dismissals: 167

Additional Information

The industrial company SEGURA, dedicated to the design, development and manufacturing of metal components for the automobile, has communicated to the workers' representatives the proposal for a collective dismissal plan affecting 167 employees, all of them in the automotive division of the firm. The company argues that this workforce adjustment is due to forecasts for a decline in the automotive sector in the coming years (at least during 2020 and 2021) because of the effects of the COVID-19 crisis. In addition to the collective dismissal, the company plans to move its production activity from the Burjassot plant to Almussafes (Valencia), to be closer to its main client (Ford). The company plans to convert the Burjassot facilities into an R&D center when the company recovers economically. Company and unions are currently negotiating the terms of the restructuring.

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