Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
NANO Automotive SL, manufacturer of car parts and belonging to NANO Corporation, has officially informed its 120 employees of the immediate closure of its factory in Tudela (Navarre) due to a significant decline in customer demand. The company’s management has suggested that the legal procedures for liquidation will commence in accordance with bankruptcy law. Despite efforts to sustain operations, management has declared the plant unviable.
Meanwhile, employees’ representatives have criticised the company’s lack of communication and absence of leadership. They suggest that this situation comes after a gradual production halt since mid-January, with staff placed on temporary layoff schemes. The closure is part of a broader economic downturn in the Tudela area, which has seen a sharp decline in local businesses.
Eurofound (2025), Nano Automotive SL, Closure in Spain, factsheet number 202343, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202343.