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.
Tubos Reunidos, an Spanish company specialised in the manufacture of seamless steel tubes, has presented An Employment Redundancy File (ERE) affecting 301 employees across its plants in Amurrio (Álava) and Valle de Trápaga (Bizkaia), representing over 20% of its 1,400 workforce. The measure includes 274 layoffs in Amurrio and 27 in Trápaga, alongside the temporary suspension of steelmaking activity in Amurrio and the outsourcing of billet and ingot production.
The decision follows heavy financial losses of €71.3 million in 2025, largely attributed to the impact of 50% US tariffs on steel, as the American market accounted for nearly half of the company’s revenue in recent years. Tubos Reunidos also carries a debt burden of €234 million, despite having reduced it by €160 million since 2021.
The company has outlined a viability plan focused on diversifying markets, strengthening its position in Europe and the Middle East, and promoting low-emission steel products. Meanwhile, unions have called strikes in protest, arguing that the restructuring will have severe social and industrial consequences for the Basque steel sector, already affected by global overcapacity and rising imports.
Eurofound (2026), Tubos Reunidos, Internal restructuring in Spain, factsheet number 204237, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204237.
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