Babcock Power Spain

Type
Internal restructuring
Country
Spain
Region
Noreste; País Vasco; Bizkaia
Location of affected unit(s)
Galindo (Bilbao)
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
European Globalisation Fund (EGF)
Year: 2011, Case number: 18
80 jobs
Number of planned job losses
Job loss
Announcement Date
11 January 2007
Employment effect (start)
Foreseen end date

Description

Babcock Power Spain has recently presented its Industrial Plan to the trade unions. The Bilbao plant, which manufactures steam generators, industrial boilers and water-heaters for thermic factories, pleads for a reduction of 20% of its staff (400 employees in total). This plan will be executed with the aim to reduce the company's losses in 2007 to a third of those registered in 2006. The plan includes pre-retirement measures for employees born between 1953 and 1955. Negotiations between the company and the unions will continue throughout the month.

Sources

  • 12 January 2007: El País
  • 11 January 2007: Cinco Días

Citation

Eurofound (2007), Babcock Power Spain, Internal restructuring in Spain, factsheet number 64811, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64811.