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 Manfacture for transport equipment Manufacture of motor vehicles, trailers and semi-trailers 29.32 - Manufacture of other parts and accessories for motor vehicles
120 jobs Number of planned job losses
Announcement Date
11 February 2025
Employment effect (start)
11 April 2025
Foreseen end date
11 November 2025
Description
NANO Automotive SL, manufacturer of car parts and belonging to NANO Corporation, has officially informed its 120 employees of the immediate closure of its factory in Tudela (Navarre) due to a significant decline in customer demand. The company’s management has suggested that the legal procedures for liquidation will commence in accordance with bankruptcy law. Despite efforts to sustain operations, management has declared the plant unviable.
Meanwhile, employees’ representatives have criticised the company’s lack of communication and absence of leadership. They suggest that this situation comes after a gradual production halt since mid-January, with staff placed on temporary layoff schemes. The closure is part of a broader economic downturn in the Tudela area, which has seen a sharp decline in local businesses.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
