Spain’s Sidenor plans temporary layoffs until end-2021

Spanish special steels supplier Sidenor has opened negotiations with local trade unions to apply a flexible temporary layoff plan for the entire workforce in Spain, Kallanish learns from local sources.

The company wants to agree a plan that could remain in place until the end of 2021, and have the flexibility to use it when needed as long as demand remains under pressure in Europe.

The company is mainly supplying the automotive sector and has been impacted by the slump seen in this industry since last year, which has been exacerbated by the coronavirus pandemic. Local sources note that Sidenor is producing at around 50% of its capacity on average across Spain.