By Euro Weekly News Media • 20 January 2013 • 8:30
SPANISH white goods chain Urende has closed its last four stores in Spain.
The shops were in Cordoba, Jaen, Granada and Ciudad Real, which together with the closure of the headquarters in Cordoba will leave 110 people out of work.
The company was founded by Eugenio Sanchez Ramade in 1960 and initiated bankruptcy proceedings in October 2011 with a debt of €232 million. In February last year, 18 shops were closed throughout Spain and 592 people lost their jobs.
The closure of the last four shops was planned for January 20, but the staff themselves decided there was no point in opening after the Christmas period was over.
They are confident that they will receive the money which they are owed.
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