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Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime

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Cementos Portland Valderrivas SA Announces Collective Dismissal Programs

Tuesday, 18 Jun 2013 04:11am EDT 

Cementos Portland Valderrivas SA announced the Collective Dismissal Program (Expediente Regulador de Empleo, ERE), as a continuation to the presentation of the Company’s Business Plan 2012-2021, which will affect 227 workers of different companies belonging to the cement Group. In addition, the Company proceeded with the presentation of another Collective Dismissal Program (ERE), affecting 318 workers of various businesses of the Group (aggregate, concrete, mortar and transport), which will entail closing of the plants that will not produce positive operating margin or will not be considered strategic for the Group. 

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-0.77 -9.61%
27 Feb 2015