EMCC European Monitoring Centre on Change

Tragsatec, Tecnologías y Servicios Agrarios

Company/Organisation:
Tragsatec, Tecnologías y Servicios Agrarios

Geographic Location

Country: Spain

Company

Sector: Professional services
Scientific research and development
72 - Scientific research and development
Number Employed: 4695
Group: Tragsa

Employment Effects

Announcement Date: 16-10-2013
Planned Job Reductions min: 610
Planned Job Reductions max: 610
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2014

Additional Information

The engineering and consultancy company Tragsatec, Tecnologías y Servicios Agrarios, will apply for a redundancy procedure (ERE) resulting in 803 job losses. This amounts to about 17% of its entire workforce.

Tragsatec is a subsidiary of the group Tragsa that is to implement measures with the consequent loss of 1,639 jobs in total. 836 of these cuts are to affect the parent company Tragsa.

The company has committed to include worker representatives in the decision making process to guarantee the continuous employment of the highest number of staff possible while solidifying the group’s future. The timeline for the restructuring plans is not yet available.

Tragsa group employed 9,848 staff as of December 2012. In 2011, Tragsatec had already announced a restructuring resulting the loss of 317 job positions.

UPDATE 3/12/2013: Tragsatec will finally dismiss 610 employees. Dismissed workers will leave the company by 31 December 2014. They will receive a compensation by dismissal equal to 20 days per year worked.