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 Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture Of Parts And Accessories For Motor Vehicles
New offshoring locations
Romania
120 jobs Number of planned job losses
Announcement Date
10 November 2023
Employment effect (start)
1 February 2024
Foreseen end date
Description
The AIRTEX company, specialised in the manufacture of fuel pumps and distribution kits for the automotive sector, has announced an employment redundancy plan (ERE) that will affect 120 of the 153 people employed at the company's plant in the Zaragoza Logistics Platform. The company has decided to relocate its production to one of its other plants in Europe, specifically to the one in Romania.
The decision has taken both the sector and the workforce by surprise, given that the company is currently profitable. Unions reject the measure and have called for the active involvement of the Aragon Government to maintain employment at the plant.
On 13 November, the company and the unions will begin the round of meetings to negotiate the ERE. Sources have indicated that the intention of the company is to fire the bulk of the production workforce by February 2024, leaving only some people in the sales, call centre and distribution departments.
Eurofound (2023), Airtex , Offshoring/Delocalisation in Spain, factsheet number 200509, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200509.
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