Yamaha yesterday announced it will close its factory in Palau-Solita i Plegamans, Spain due to falling global demand for its vehicles. The move will affect nearly 420 workers. The company moves production to another Yamaha factory at Saint-Quentin in northern France. “All over the world, and Europe in particular, there has been a prolonged fall in sales figures which forces Yahama to take steps to restructure its industrial capacity,” it said.
Yamaha closes Spanish plant
Yamaha’s Palau factory made some 96,000 motorcycles in 2010, despite its roughly 130,000-unit capacity. “The reductions in the monthly remuneration of Directors, Executive Officers and Corporate Auditors described above are scheduled to remain effective from January 2011 through June 2011, after which they will be reviewed in light of business environment and results,” Yamaha said.
