Spain: Holcim reduces number of redundancies by 13.4%

Swiss cement company 680 Holcim has reached a pre-agreement with trade unions in Spain to reduce by 13.4% to 122 employees the number of redundancies originally estimated by the company. Redundancies therefore will account for 18.7% of the company’s current workforce of 650 staff. Compensation payments will account for 28 days per year at work to a maximum of 20 months. In addition, €600 will be offered per each year working for the company.

The business restructuring plan put forward by Holcim in February involved closing down 21 of the 42 working branches it operates in Spain. These figures include three production plants and a grounding plant.