Getir specialises in providing restaurant courier services and grocery deliveries through its mobile app. Credit: Donald Trung Quoc Don (Chữ Hán: 徵國單)/commons.wikimedia.org.

The Spanish trade union, Confederación Sindical de Comisiones Obreras (CCOO), has confirmed that Turkish delivery start-up Getir is set to cease all its operations in Spain.

According to a report by Reuters, the trade union highlighted that this decision comes after the quick commerce company failed to raise the required capital during its recent funding round.

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CCOO said that this latest move is now expected to result in a cutback of the entire workforce, which includes around 1,560 employees.

According to CCOO, Getir assured that all the affected employees will receive 20 days’ severance pay annually, with a limit of 12 monthly payments.

The report cited Getir as saying: “We will fight to better these initial conditions and achieve improvements for the entire workforce.”

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Furthermore, the laid-off workers will also receive an outplacement plan. There will also be a special agreement for employees that are more than 55 years of age, as required by law.

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In a statement, CCOO said: “We condemn the disastrous business management of Getir, which has not known how to grow or have a market strategy in Spain. Now its staff will suffer the biggest harm.”

The report informed that Getir rapidly expanded its reach during the Covid-19 global pandemic.

However, as the lockdown-driven demand reduced, the company saw a major decline in demand for deliveries and a rise in interest rates.

The latest announcement comes a few days after the delivery company confirmed that it would withdraw its business from France due to weak sales in the region.

Istanbul-based delivery company Getir was established in 2015 and specialises in providing restaurant courier services and on-demand grocery deliveries.