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01 Sep
11:30

Tubacex to extend temporary layoffs until year-end

Tubacex, the Spanish stainless seamless tube supplier, is set to maintain a temporary layoff scheme for its workforce until at least the end of the year, Kallanish notes. The company is affected by a long-lasting strike, impacting production and order intake. The strike started at the beginning of February; in its latest quarterly earnings report the company confirmed the strong impact of the strike on its activity. The management has thus decided to keep in plac…
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