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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
European Globalisation Fund (EGF)
Year: 2011, Case number: 18
80 jobs Number of planned job losses
Announcement Date
11 January 2007
Employment effect (start)
Foreseen end date
Description
Babcock Power Spain has recently presented its Industrial Plan to the trade unions. The Bilbao plant, which manufactures steam generators, industrial boilers and water-heaters for thermic factories, pleads for a reduction of 20% of its staff (400 employees in total). This plan will be executed with the aim to reduce the company's losses in 2007 to a third of those registered in 2006. The plan includes pre-retirement measures for employees born between 1953 and 1955. Negotiations between the company and the unions will continue throughout the month.
Sources
12 January 2007: El País
11 January 2007: Cinco Días
Citation
Eurofound (2007), Babcock Power Spain, Internal restructuring in Spain, factsheet number 64811, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64811.
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