UPS is planning to restructure its operations in Spain affecting 230 of the company’s 1,300employees in the country, with the main outcome expected to be the closure of its Vallecas storage
centre in Madrid, according to the Spanish newspaper Expansión.UPS made a net loss of €890,000 on turnover of €169 million in Spain last year, the businessnewspaper wrote.
The restructuring aims at bringing UPS’ operations across several sites on to itsinstallations in the district of Coslada in Madrid, which has recently been expanded.
The Vallecas storage center to be closed down has a workforce of around 180. In view of theexpected layoffs, UPS Spain offered union representatives negotiations on the issues of earlyretirement and transfer to the facility in Coslada.
In total, UPS’ Spanish network has 140 customer service centres, 19 distribution centres,five logistics centres and 700 vehicles, according to the newspaper.
