Overview

• Azucarera's ERE will impact all four of its Spanish facilities, including three in Castilla y León and one in Cádiz.
• The restructuring follows an operational review by parent company Associated British Foods, citing a structurally high cost base and market challenges.
• The Junta de Castilla y León has called for Azucarera to uphold its commitment to regional employment and productive activity.
• Negotiations between the regional government, labor unions, and Azucarera aim to preserve as many jobs as possible.
• Declining sugar consumption and international price drops have intensified financial pressures on the domestic sugar industry.