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Spain’s CAF Plans to Cut Jobs in Zaragoza, Economista Reports

Construcciones & Auxiliar de Ferrocarriles SA plans to put 582 workers at its plant in Zaragoza, Spain, which employs about 780 people, on temporary layoffs because of a decline in railroad activity, El Economista reported, citing the company’s workers council.

CAF expects the slowdown to continue until the first quarter of 2013 and the employees will be out of work for a maximum of 51 days, which could be applied within a six-month period depending on production needs, the newspaper said.

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

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