LafargeHolcim reportedly plans to launch downsizing plan in Spain

LafargeHolcim plans to launch a downsizing plan for 15 per cent of its workforce in Spain, according to local press reports.

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, market sources said.

LafargeHolcim currently has a workforce of 1000 employees in Spain and its annual revenues in the country amount to EUR300m.

Abstracted from an original article in Expansion.