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.
Gamesa Aeronáutica is specialised in the manufacture of components for aircraft like engines and wings and belongs to the Consortium Gamesa. The company has two other companies in its aeronautical division, Fuasa with 220 employees and Moasa with 170 employees. The Gamesa Aeronautica company has decided to suppress 233 positions at its Miñamo plant (Alava, Vasque Country): 160 employees and 73 subcontractors' employees will lose their jobs. The decision has been taken in order to restructure the company due to a decrease of its activity.
On 13 december 2005, after negotiations with the labour representatives, the company has offered to relocate 80 workers to other companies from the group.
Eurofound (2005), Gamesa Aeronáutica, Internal restructuring in Spain, factsheet number 62589, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62589.