Matrici has 79 working members, after more than 100 have already moved to other Mondragon Corporation cooperatives and another 40 have chosen to take advantage of early retirement and furloughs.
More than two years have passed since yJuly 2022 in which Matrici requested the statement competitionhas now requested the cooperative to open the liquidation phase of the competition, according to the TULankide portal, which is responsible for monitoring the news of the Mondragon Corporation.
According to this website, the cooperative found itself in this situation after “several years of difficulties caused by the structural crisis of the automotive stamping sectorexacerbated by the pandemic, which has drastically reduced its activity” – the fifth year in a row without demand for molds from European manufacturers.
Moreover, it has now been confirmed what the sector is facing “a new break” due to the decline in sales and results of its customers, who are canceling and postponing their new vehicle projects.
“Despite the cooperative’s enormous efforts, the lack of visibility in the sector and the difficulties in obtaining workload be sustainable, significantly weaken the situation and prevent the business project from meeting the viability conditions necessary to guarantee its future,” they explained.
Matrici currently has 79 working membersafter more than a hundred have already moved to other Mondragon Corporation cooperatives and another forty have chosen to take advantage of early retirement and furloughs.
Source: EITB
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