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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.30 - Manufacture of air and spacecraft and related machinery
240 jobs Number of planned job creations
Announcement Date
29 October 2019
Employment effect (start)
31 December 2019
Foreseen end date
31 December 2023
Description
Aircraft components manufacturing company Stelia Aerospace announced its plans to invest €40 million in its plant located in Santo Tirso. The business expansion is planned to be responsible for the assembly of aircraft components, thus resulting in the creation of 240 job positions. Among the latter, 30 positions are expected to recruit highly qualified employees. The company plans to export these components to other plants in Meaulte and Rochefort (France).
A subsidiary of Airbus, the company has a workforce of 7,000 employees: 4,500 in France and 2,500 in North America, Tunisia and Morocco.
Eurofound (2019), Stelia Aerospace, Business expansion in Portugal, factsheet number 99160, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99160.
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