Europe / Middle East / Africa
Holcim to cut 35% of workforce in Spain
May, 23 2012
(Spain) -- Holcim will have to cut 373 jobs in Spain (equivalent of 35 per cent) of its staff in the country, local press have reported.
The Swiss-based is to shut down part of its production capacity in Toledo and to close its plant in Murcia on the back of declining Spanish demand and a weak outlook. Holcim's Spanish sales have slumped by 63 per cent since 2007. In the first four months of 2012, demand in Spain plunged by 40 per cent YoY.
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