EMCC European Monitoring Centre on Change

Yanko

Company/Organisation:
Yanko

Geographic Location

Country: Spain
Region: Illes Balears; Este
Location of affected unit(s): Mallorca

Company

Sector: Manufacturing
Manufacture of textiles, apparel, leather and related products
15 - Manufacture of leather and related products
Number Employed: 170

Employment Effects

Announcement Date: 01-10-2005
Planned Job Reductions min: 115
Planned Job Reductions max: 115
Type of Restructuring: Internal restructuring
Employment Effect Start: 10-08-2006
Direct Dismissals: 115

Additional Information

Yankoo, a Spanish shoe manufacturer, announced on 10 August 2006 that it is going to dismiss 115 employees (70% of its workforce of 170 employees) in the factory it has in Mallorca (Islas Baleares). This company filed for temporary receivership October 2005 and announced that it would end up employing only 15 people. In May 2006 the employees went to courts and tried to sue the company arguing that Yankoo had tried to evade responsability by selling one of the buildings of the factory to a purchaser that did not know that 60 employees worked in it. However the trial did not take place. Apparently, when the company filed for temporary receivership in 2005 its intentions were to offshore its activity to India but this has not been possible.