Circumstances may be such that closure becomes inevitable.
In this case careful preparation may lead to significant savings, both in indemnities paid and in the rapidity of execution.
An interim managing director not only provides valuable advice, but is also the confidential and trusted link between the foreign parent and the local company, unions, regional government and lawyers.
The interim managing director takes all the local strain, making numerous visits from the foreign head office unnecessary (in the case of the Company recently closed in Spain, the foreign holding company officers, having taken the decision to close, did not set foot once in the Spanish subsidiary, leaving all the closure announcements and procedures to myself).
This avoids considerable potential unpleasantness between local employees and Holding Company staff.
I was sole responsible for the closure of a company in Madrid employing 72 people.
Print this pageInterim Manager (Managing Director or Financial Director) since April 1997, based Madrid working both in France and Spain.
British national speaking perfect French and excellent Spanish.
Hands-on, pragmatic, natural leader.