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.
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.15 - Manufacture Of Bearings, Gears, Gearing And Driving Elements
50 jobs Number of planned job creations
Announcement Date
8 April 2015
Employment effect (start)
1 January 2015
Foreseen end date
1 January 2020
Description
NBI Bearings Europe is a Spanish company founded at the beginning of the 21st century, which produces bearings mainly for the German market. The company owns a plant in China. However, in 2015 thanks to new investors, a new plant was opened in Spain. According to the CEO, exchange rate risks, the rise in labour costs offshore, as well as issues with customs have motivated the company to backshore production. The new plant also aims to increase annual volumes of production.
Sources
8 April 2015: El Economista
Citation
Eurofound (2015), NBI Bearings Europe, Reshoring in Spain, factsheet number 205, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/205.
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