New Pescanova announced to corporate committees and union delegates on Wednesday that it will begin an Employment Regulation File (ERE) limited to central services in the Chapela (Vigo) and Madrid workplaces. The ERE is presented as a measure the company can justify on economic and organizational grounds. A press release quotes the group saying the move aims to help the multinational weather a challenging global environment and secure the company’s long term sustainability. The plan is expected to affect roughly one hundred jobs.
Nueva Pescanova clarified that all viable options were examined and precautions taken to minimize disruption to operations and equipment. The decision followed careful review and consultation with relevant stakeholders to balance the need for structural adjustment with the company’s ongoing commitments to service quality and product excellence.
According to the company, the results from the most recent fiscal year, marked by high costs and inflationary pressures, justify the step. The leadership emphasizes a purpose to optimize the organizational structure so the business can better respond to market conditions that have grown tougher in recent times. Nueva Pescanova states that the goal is to strengthen its market position and preserve excellence across its services and products in the years ahead.
As reported by Faro de Vigo, part of the Prensa Ibérica group, the Chapela-based group has already launched a cost-reduction contingency plan. The plan includes multiple ongoing price adjustments in final consumer pricing. The leadership notes that the 2022/23 results were shaped by an extraordinary external environment and the company is taking actions to adapt accordingly, while continuing to pursue efficiency and resilience across its operations.