Cementos Cosmos announces 60 redundancies

Spanish cement producer Cementos Cosmos is to make 60 redundancies at its plant in Sarria, northern Spain. This decision is said to effectively mean the closure of the factory which will remain with a workforce made up of 14 employees, including the board of directors. Cementos Cosmos was recently sold by the Portuguese firm Cimpor to the Brazilian company Votorantim. According to Votorantim, the plant cannot sustain its outputs level for the next few years, and expects cement industry revenues to drop by a
January 2, 2013 Read time: 1 min

Spanish cement producer Cementos Cosmos is to make 60 redundancies at its plant in Sarria, northern Spain. This decision is said to effectively mean the closure of the factory which will remain with a workforce made up of 14 employees, including the board of directors.

Cementos Cosmos was recently sold by the Portuguese firm 1347 Cimpor to the Brazilian company 1729 Votorantim. According to Votorantim, the plant cannot sustain its outputs level for the next few years, and expects cement industry revenues to drop by a third in 2012. The firm will create a work team to operate its special cements plants in Toral de los Vados and Oural.

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