Portugal cement firm Secil announces 56 job losses as part of restructure

Portuguese cement firm Secil (Semapa) has announced 56 job losses as part of a corporate restructure. The company has around 700 employees spread across its Setubal, Leiria and Alcobaca factories in Portugal.
November 2, 2012 Read time: 1 min

Portuguese cement firm 873 Secil (4425 Semapa) has announced 56 job losses as part of a corporate restructure. The company has around 700 employees spread across its Setubal, Leiria and Alcobaca factories in Portugal.

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Semapa notifies CRH of intention to acquire CRH's 49% holding in Secil

Portuguese company Semapa has agreed to pay CRH €574m for a stake the Irish group owns in a joint venture between the two companies.
A Paris-based international arbitration tribunal ruled last year that CRH had to sell its 49% stake in Portuguese cement maker Secil. Since 2009 Semapa has claimed that it was entitled to exercise an option that would allow it to acquire the CRH’s stake in the joint venture. CRH paid €429 million to Semapa in 2004 to buy the 49% stake in Secil, and that included the assumptio

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