Industrias de Turbo Propulsores (ITP)

Type
Internal restructuring
Country
Spain
Region
Noreste; País Vasco; Bizkaia
Location of affected unit(s)
Zamudio (Vizcaya)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
130 jobs
Number of planned job losses
Job loss
Announcement Date
10 October 2006
Employment effect (start)
Foreseen end date

Description

Industrias de Turbo Propulsores (ITP) is a manufacturer of engines for aircrafts and gas turbines multinational with factories in Spain, the UK, the US and Mexico. The company announced on 10 October 2006 that the delay of EADS (European Aeronautic Defence and Space Company) in manufacturing the plane A-380 has caused that they have to stop production of the engines of the plane. As a result, 130 temporary employees are to be dismissed out of a total workforce of 508 in the factory of Zamudio (Vizcaya).

Sources

  • 11 October 2006: El País

Citation

Eurofound (2006), Industrias de Turbo Propulsores (ITP), Internal restructuring in Spain, factsheet number 64334, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64334.