Spain -Agreement at Galmed (ThyssenKrupp) on termination -August 02, 2013

The plans to close the troubled ThyssenKrupp subsidiary Galmed have led to activities at national and European level. The company's goal is ‘to centralise production in Germany’ since, ‘there are no economic reasons, not productive, not logistics’ to continue. Negotiations, with the participation of the works council of ThyssenKrupp Galmed and its advisors from the trade union CCOO (Confederación Sindical de Comisiones Obreras) as well as the European Works Council, resulted in a provisional agreement. The deal provides for the termination of all employment contracts of the subsidiary and the closure of the facility in the city of Sagunto. The agreement that was approved by the workers includes a plan for early retirement, compensation of 45 days per year worked and relocations within the ThyssenKrupp Group for ‘an important part’ of the workers. Latest press statements say that ThyssenKrupp never intended to sell the plant.


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For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) or the communications officer at the ETUI, Mariya Nikolova For previous issues of the Collective bargaining newsletter please visit You may find further information on the ETUI at, and on the AIAS at

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