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.
Escribano Mechanical & Engineering, a Spanish company operating in the armament industry sector, has announced the creation of 100 new jobs at its new factory in the Parque Tecnológico de Paterna, Valencia. The plant will produce photonic chips for the space, security, defense and aeronautics markets and will begin operations in the summer of 2026.
The expansion follows the acquisition of DAS Photonics’ electronics subsidiary and aims to industrialise the company’s high-performance photonic semiconductors, positioning Spain as a key player in the emerging photonics industry.
Escribano Mechanical & Engineering experienced a previous business expansion earlier in 2026, with the creation of another 100 new jobs Escribano Mechanical & Engineering 2026-ES
Eurofound (2026), Escribano Mechanical & Engineering, Business expansion in Spain, factsheet number 300384, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300384.