Spain – Spanish scrap metal processor Lingotes Especiales’ talks with unions over its plans for 377 temporary layoffs have ended without agreement, union representative Fernando Arranz said on Thursday.
The company, which has seen its output reduced by 70% due to the crisis facing the car industry, its main market, was offering workers 12% of their salaries on top of any unemployment benefit in exchange for not working until the end of July.
The company, headquartered in Valladolid, had informed the authorities, to stop production, and that it will temporarily layoff its entire workforce of 377 people for 60 days. The special ingots supplier of verhicle part, attributed its decision to the downturn in the automobile market, with a “brutal” fall in production and sales.
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