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Saint Quintin

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Yamaha recently announced that it will be closing its factory in northeastern Spain, and consolidating the production into its Saint Quintin plant in France. The move comes as a result of Yamaha feeling the pain from the dwindling global demand for motorcycles, resulting in the Spanish plant having considerable excess capacity in its production.

Located near Barcelona, Yamaha’s Spanish Palau-Solita i Plegamans facility is capable of producing 130,000 units per year, but only managed 96,000 in 2010. The plant’s closure will affect 420 jobs, and Yamaha management has already reportedly confirmed that they will be forgoing any bonuses for the first half of 2011, and will be taking a healthy pay cut (15%-30%) during the same time period.