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.
Ferrol, Fene, Cádiz, Puerto Real, San Fernando and Cartagena.
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.11 - Building of ships and floating structures
2,200 jobs Number of planned job losses
1,658 jobs Number of planned job creations
Announcement Date
4 December 2018
Employment effect (start)
1 January 2019
Foreseen end date
31 December 2022
Description
Navantia, a Spanish public company that manufactures military ships and high-tech civilian ships, has informed the union representatives about an investment plan of €95 million per year until 2022 for the digital transformation and optimisation of the shipyards. This investment is expected to create up to 1,658 new jobs until 2022. On the other hand, the company's plan implies early retirements for 2,200 workers, who have been in the company for more than five years and are above 61 years old. The company and the representatives of the workers have laid the foundations to create a collective agreement, which will be the first one in the history of the company.
Sources
Citation
Eurofound (2018), Navantia, Internal restructuring in Spain, factsheet number 96276, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96276.
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