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.
Sunsundegui, a historical bus manufacturing company based in Alsasua (Navarre), will present an employment regulation file (ERE) of all its 341 employees. In this regard, Sunsundegui will enter liquidation on 14 April 2025, following the withdrawal of the only potential investor, Dumarey, who ultimately failed to present a formal offer.
The company, burdened by €48.8 million in debt—€8.9 million owed to suppliers and €39.9 million to financial institutions—has been under insolvency proceedings since November 2024. Despite holding a sizeable order book of 530 buses for 2025, Sunsundegui lacks both the liquidity and the organisational and technical capacity to meet production demands profitably. The insolvency administrator has informed the works council that, in the absence of any viable investment proposal, the firm is now destined for asset liquidation and the dismissal of all 341 employees unless an unlikely last-minute solution emerges
Eurofound (2025), Sunsundegui, SA, Bankruptcy in Spain, factsheet number 202572, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202572.