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 major  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.

Abstracted from an original article in Cinco Dias.