VOICED : Fagor en suspension de pagos

Fagor, a major Spanish appliance group, declared bankruptcy due to heavy debt and declining sales, risking 5,700 jobs globally. The collapse affects its parent company, Mondragón, a cooperative employing 80,000 people worldwide. Fagor's diverse operations included manufacturing and retail. Despite efforts to restructure, the parent company decided not to support Fagor, impacting the Basque region's economy, which has a lower unemployment rate compared to the rest of Spain.

What was the main reason for Fagor's declaration of bankruptcy?

• A natural disaster affecting operations

• A major lawsuit against the company

• A heavy debt burden and declining sales

• A sudden increase in production costs

How many jobs were at risk globally due to Fagor's financial issues?

• 5,700

• 8,500

• 10,000

• 3,000

What was one of the diverse activities Fagor was involved in?

• Producing electronics

• Manufacturing automobiles

• Selling sports equipment

• Developing software

What was the approximate amount of debt Fagor had?

• 1 billion euros

• 500 million euros

• 300 million euros

• 800 million euros

What was the unemployment rate in the Basque Country compared to the national average in Spain?

• Not mentioned in the text

• Equal to the national average

• Higher than the national average

• Lower than the national average