Post by pigeonpie on Feb 5, 2009 12:57:48 GMT
Negative and positive aspects of the crisis here in Menorca
C.M.W. Maó
Two firms have announced in the last week that they are to close. Firstly, the Menorcan branch of the Mallorcan company Socías y Rosselló which opened in Ciutadella in 1985 and will result in the loss of some fifteen jobs. The company were suppliers of electrical equipment, lighting, tools, industrial, building and plumbing equipment and domestic appliances. Secondly, another firm in Ciutadella, the shoe manufacturers Jaime Pons Sintes SL has been forced into closure leaving 16 workers without jobs. The company, which makes Roseta shoes, was forced to declare bankruptcy after a customer defaulted on payment. This is the fourth local shoe manufacturer to go out of business, the others being the Alaior firms of Zapatillas Alaior and Gomila Melià and the Ciutadella-based Creaciones Freehand, leaving around one hundred workers without a job in a trade that was one of the mainstays of the Menorcan economy.
In 2008 a total of 253 companies in Menorca stopped trading, 6.6% of the total number that had been in business the previous year, with a loss of 1,874 jobs (8.7% of the total number of workers). The figures are higher than the averages for the Balearic Islands which showed a drop of 5.1% in the number of active firms and 6.6% in workers. The number of self-employed people in the Balearics dropped from 85,434 in 2007 to 83,971 last year, a negative variation of 1.7%.
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C.M.W. Maó
Two firms have announced in the last week that they are to close. Firstly, the Menorcan branch of the Mallorcan company Socías y Rosselló which opened in Ciutadella in 1985 and will result in the loss of some fifteen jobs. The company were suppliers of electrical equipment, lighting, tools, industrial, building and plumbing equipment and domestic appliances. Secondly, another firm in Ciutadella, the shoe manufacturers Jaime Pons Sintes SL has been forced into closure leaving 16 workers without jobs. The company, which makes Roseta shoes, was forced to declare bankruptcy after a customer defaulted on payment. This is the fourth local shoe manufacturer to go out of business, the others being the Alaior firms of Zapatillas Alaior and Gomila Melià and the Ciutadella-based Creaciones Freehand, leaving around one hundred workers without a job in a trade that was one of the mainstays of the Menorcan economy.
In 2008 a total of 253 companies in Menorca stopped trading, 6.6% of the total number that had been in business the previous year, with a loss of 1,874 jobs (8.7% of the total number of workers). The figures are higher than the averages for the Balearic Islands which showed a drop of 5.1% in the number of active firms and 6.6% in workers. The number of self-employed people in the Balearics dropped from 85,434 in 2007 to 83,971 last year, a negative variation of 1.7%.
Read more on this article
