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Quabit Negotiates an ERTE for 66% of its Workforce

30 April 2020 – Brainsre.news

The property developer is negotiating a temporary employment regulation file (ERTE) with its workers that will affect all of its delegations in Madrid, Guadalajara, Malaga and Valencia.

These are the first employees of a large Spanish real estate company whose working conditions will be affected following the outbreak of the coronavirus crisis. Quabit, the residential property developer led by Félix Abánades, has presented its workers with a temporary employment regulation file (ERTE), which will affect 66% of the workforce, as confirmed by the company to the National Securities Market Commission (CNMV) after it revealed the news to Brainsre.news.

Quabit currently has 91 employees distributed across its offices in Madrid, Guadalajara, Malaga and Valencia.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake