Nueva Pescanova has informed in a press release that it will lay off a hundred workers from its central services in Chapela (Redondela y Pontevedra) and Madrid, affecting at least 100 workers.
A recent announcement follows the controversy surrounding the company's CEO change and rumors regarding ongoing negotiations with Cooke. According to El Diario.es, this announcement may be linked to significant financial losses in the last fiscal year, which amounted to a staggering EUR -53 million (USD -56.7 million) for the fiscal year ending in March.
According to Europa Press, this is to "ensure the long-term sustainability of the company." The company explained that this would enable it to "adjust to a challenging global environment." Additionally, they stated that before taking this step, they had evaluated various options, striving to minimize the impact on their employees.
Furthermore, in the communiqué reported by Europa Press, the company indicates that it has informed the works councils and union delegates of its intention to initiate the procedure, which it justifies "for economic and organizational reasons." They do not mention exact figures, and according to the media, the company proposes around a hundred layoffs out of the total workforce of 10,000 people.
Finally, the press release stated that this step was essential to continue the company's progress. "After the results of the last fiscal year, derived mainly from the high costs and the inflationary environment, the company considers it essential to optimize its structure to adapt it to a market that is going through difficult times. Nueva Pescanova seeks, with these adjustments, to improve its positioning in the market and maintain the excellence of its services and products."
Nueva Pescanova is a leading Spanish multinational company in the seafood industry. Thus, they have a strong presence across the entire value chain, encompassing fish farming, processing, and distribution. In addition, they have operations in 80 countries, working with over 70 different species of fish and seafood.
