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 people, a figure which will be reduced by more than 73 per cent after the latest round of dismissals.