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.
ITP Aero, a Spanish company specialised in the manufacture and maintenance of aircraft engines and gas turbines, has inaugurated a new state-of-the-art factory in Zamudio last 27 February 2025. This facility represents an investment of €24 million and will employ 150 highly skilled professionals.
The new plant, named Admire, will enable the development of highly complex components and enhance repair capabilities, providing solutions to support the rapid growth of commercial aviation and the evolving requirements of the European FCAS combat aircraft programme. ITP Aero is one of the world's leading aerospace industry suppliers and collaborates with major companies such as Rolls-Royce, Airbus, Boeing, and the Spanish Ministry of Defence.
In 2023, the company already announced an expansion of 400 jobs ITP Aero 2023-ES
Eurofound (2025), ITP Aero, Business expansion in Spain, factsheet number 240002, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/240002.