Cement News tagged under: Holcim Spain

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Holcim Spain to cut staff by 122

17 April 2014, Published under Cement News

Holcim Spain and unions have reached a preliminary agreement to reduce the company’s staff of 650 by 18.7 per cent, according to the Spanish news service ABC. As a result 122 workers would be affected, rather than the 141 as stated in the initial ERE employment regulation record, reported earlier. Since 2008, Spain’s cement market has contracted considerably with cement producers making significant adjustments in terms of plant closures and staff lay-offs. Holcim employed over 2000 peop...

Holcim reduces capital in Spain by 75%

07 June 2013, Published under Cement News

The challenging state of the Spanish cement market has prompted Holcim to reduce its capital in Spain by 75 per cent or EUR568m. The capital reduction will be carried out by reducing the nominal value of shares, is the direct consequence of the losses registered by the Switzerland-based company in the past few financial years. ??At the start of the year, Holcim announced the closure of its Lorca plant as not only production levels were low, but there was also no sign of positive developme...