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.
Ths spanish Consortium Rpsol-YPF specialised in refined petroleum products will launch an industrial plan investing €3,2 million. This plan will increase refining capacity of the plants of Cartagena ( Murcia) and Muskiz (Vizcaya, Vasque Country). Some €2,1 million will be invested in Cartagena and €600 million will be invested in the Muskiz plant. The measure will increase the total labour by 10% (i.e. 370 workers). Tha major reason has been the fact that Spain imports 12 million tons of fuel, a 34% of the consumption due to an increase of diesel motor vehicles.
Eurofound (2005), Repsol YPF, Business expansion in Spain, factsheet number 62529, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62529.