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 30.92 - Manufacture Of Bicycles And Invalid Carriages
No information on job gains number available
Announcement Date
16 April 2015
Employment effect (start)
1 April 2015
Foreseen end date
1 June 2015
Description
Orbea is a Spanish company that produces bycicles (65 millions revenues in 2013) for the internal and external (30%) markets. The company has decided to reshore its production from Kunshan (China) to Aveiro (Portugal) in order to increase product customization and reduce the time of production. At the same time this reshoring motivates the company to expand its headquarters in Mallabia (Vizcaya), which currently counts 170 employees that should increase with the reshore operation.
Eurofound (2015), Orbea Spain, Reshoring in Spain, factsheet number 176, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/176.
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