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    Posted February 14, 2014 by
    Sniace, Spain
    This iReport is part of an assignment:
    Abandoned buildings

    Spain, in ruins.

    With the Spanish economy bordering on collapse, certain areas have already plummeted to dystopian levels. The storied SNIACE (Translated as Spanish National Society of Industrial Cellulose Application) opened in 1939 in Madrid and was moved to the northern province of Cantabria in 1941. Once a mainstay of economics (and a major production hub since the revolution), the proud giant has fallen into disrepair. Aging facilities, out-of-date technology, and plummeting safety standards have all contributed to SNIACE posting a record loss of 41.1 million euros in the first quarter; seven times the reported gain from the same period in 2012. Things have gotten so bad the plant now threatens a complete shutdown of what few facilities remain operational should the government of Cantabria not make good on un specified "promises". This shutdown would see the remaining 581 plant employees on the street and a massive industrial property turned into a set for a zombie movie. Though employees and families have taken to the streets in protest multiple times, the outlook across Spain doesn't bode well for the aging giant.

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