Stelia Aerospace

Type
Business expansion
Country
Portugal
Region
Continente; Norte; Área Metropolitana do Porto
Location of affected unit(s)
Santo Tirso
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.3 - Manufacture of air and spacecraft and related machinery
30.3 - Manufacture of air and spacecraft and related machinery
240 jobs
Number of planned job creations
Job creation
Announcement Date
29 October 2019
Employment effect (start)
31 December 2019
Foreseen end date
31 December 2023

Description

Aircraft components manufacturing company Stelia Aerospace announced its plans to invest €40 million in its plant located in Santo Tirso. The business expansion is planned to be responsible for the assembly of aircraft components, thus resulting in the creation of 240 job positions. Among the latter, 30 positions are expected to recruit highly qualified employees. The company plans to export these components to other plants in Meaulte and Rochefort (France). The company supplies aerostructure components to Northrop‑Grumman, opperating in the defence sector.

A subsidiary of Airbus, the company has a workforce of 7,000 employees: 4,500 in France and 2,500 in North America, Tunisia and Morocco.

Sources

Citation

Eurofound (2019), Stelia Aerospace, Business expansion in Portugal, factsheet number 99160, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99160.