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
130 jobs Number of planned job losses
Announcement Date
10 October 2006
Employment effect (start)
Foreseen end date
Description
Industrias de Turbo Propulsores (ITP) is a manufacturer of engines for aircrafts and gas turbines multinational with factories in Spain, the UK, the US and Mexico. The company announced on 10 October 2006 that the delay of EADS (European Aeronautic Defence and Space Company) in manufacturing the plane A-380 has caused that they have to stop production of the engines of the plane. As a result, 130 temporary employees are to be dismissed out of a total workforce of 508 in the factory of Zamudio (Vizcaya).
Sources
11 October 2006: El País
Citation
Eurofound (2006), Industrias de Turbo Propulsores (ITP), Internal restructuring in Spain, factsheet number 64334, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64334.
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