Displaying items by tag: Downsizing

Russia: 577 Gornozavodskcement employees became unemployed in the six months to 30 June 2019. 87 resigned, 195 retired and 295 left by agreement with the company. This follows South Ural Mining and Processing’s takeover of the struggling cement producer in December 2018. Kommersant has reported that the liquidation of auxiliary departments is a part of unit optimisation which extends to the company’s facilities, with the site of a planned dry line at its 2.2Mt/yr (wet) integrated Perm cement plant being used for parking. Wages have reportedly risen for the remaining three quarters of the Gornozavodskcement’s original staff.

Spain: LafargeHolcim plans to launch a downsizing plan for a total 15% of its workforce in Spain. The launch of the downsizing plan was attributed to the difficulties that the company faces in Spain due to the low cement demand in the country and the overlapping of workforces following the merger of Lafarge and Holcim. LafargeHolcim currently has a workforce of 1000 employees in Spain and its annual revenues in the country amount to Euro300m.