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Obrascon Huarte Lain (96BW)

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Friday 08 June, 2018

Obrascon Huarte Lain

Collective layoff proceeding 2018

RNS Number : 7596Q
Obrascon Huarte Lain, S.A.
08 June 2018
 

 

 

 

London Stock Exchange

Madrid, May 8th of 2018

 

Ref.: Collective layoff proceeding

 

Dear Sirs,

 

The company, OBRASCON HUARTE LAIN, S.A. (OHL), in compliance with current legislation, hereby reports the following:

 

Significant Event

 

The Company reports on the collective layoff proceeding started last month of April, which scope is limited to  OHL overhead employees in Spain, that after the negotiations conducted by the employees´ representatives, an agreement was reached which is pending ratification by the Meeting of Workers of the Company.

 

During this restructuring process, it´s been determined that 140 work positions will be cancelled, in the context of the measures approved by the Company to adjust its organizational model to its new business reality.   

 

Yours faithfully,

 

 

José María del Cuvillo Pemán
Secretary of the Board of Directors

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