Mlily owner Healthcare Foam Spain to halt production and begin collective layoffs
Key points
- Mlily said its Spanish subsidiary Healthcare Foam S.L.U. will halt production and start collective dismissal procedures under Spanish law.
- US orders previously handled in Spain have moved to the group's US plant.
- The Q3 report cites about RMB 25 million in related management expenses; Spanish union CCOO said the plan covers 125 jobs.
On October 31, Mlily (603313.SH) announced that its wholly owned subsidiary Healthcare Foam S.L.U. in Spain will halt production soon and start collective dismissal procedures under Spanish law. US orders previously handled there have moved to the group's US plant. The company's Q3 report cites about RMB 25 million in related management expenses. Spanish union CCOO said in September the plan covers 125 jobs.
Original report: 观察者网 ↗Edited with AI assistance. Facts are based on official sources and original reports. For information only; not legal, immigration or insurance advice.