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(Die Seite wurde neu angelegt: „thumb|400x400px|Balay site in Montanana. (Source: Press fotos BSH Hausgeräte GmbH) In 1947, entrepreneurs Esteban Bayona and José Maria Lairla founded a company to produce electrical appliances in the Spanish city of Zaragoza. The company name was coined from their surnames – Bayona and Lairla – to become Balay. Powered on by quick success and the boom in the home appliance market, the company began to produce electric…“) |
(Die Seite wurde neu angelegt: „==== BSH offered a way out of the crisis ====“) |
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In 1947, entrepreneurs Esteban Bayona and José Maria Lairla founded a company to produce electrical appliances in the Spanish city of Zaragoza. The company name was coined from their surnames – Bayona and Lairla – to become Balay. Powered on by quick success and the boom in the home appliance market, the company began to produce electric cookers and washing machines in the 1950s.<ref>BSH Corporate Archives, A05-0024, inform August 2001, page 25.</ref> Strong sales allowed the company to move to a new 3,000 m<sup>2</sup> factory building in the rural district of Montañana, located north of Zaragoza, in 1956. A second factory followed in 1979 in La Cartuja on the outskirts of Zaragoza. Balay continued to grow and by [[BSH_Chronologie_1979-1983:_Nationales_Wachstum|the early 1980s]] was one of the leading companies in the sector in Spain. | In 1947, entrepreneurs Esteban Bayona and José Maria Lairla founded a company to produce electrical appliances in the Spanish city of Zaragoza. The company name was coined from their surnames – Bayona and Lairla – to become Balay. Powered on by quick success and the boom in the home appliance market, the company began to produce electric cookers and washing machines in the 1950s.<ref>BSH Corporate Archives, A05-0024, inform August 2001, page 25.</ref> Strong sales allowed the company to move to a new 3,000 m<sup>2</sup> factory building in the rural district of Montañana, located north of Zaragoza, in 1956. A second factory followed in 1979 in La Cartuja on the outskirts of Zaragoza. Balay continued to grow and by [[BSH_Chronologie_1979-1983:_Nationales_Wachstum|the early 1980s]] was one of the leading companies in the sector in Spain. | ||
As a consequence of the economic crisis and saturation of the domestic market, employment fell by almost 50 percent in the Spanish home appliance sector between the years of 1980 and 1987. Thanks to restructuring measures, Balay was nationalized in 1980 and merged with the home appliance manufacturer Safel to form the Safel-Balay Group. Once the Spanish home appliance market had stabilized, the Spanish Government decided to reprivatize the Group at the end of 1988. | |||
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