EMCC European Monitoring Centre on Change

Babcock Power Spain

Company/Organisation:
Babcock Power Spain

Geographic Location

Country: Spain
Region: Vizcaya; País Vasco; Noreste
Location of affected unit(s): Galindo (Bilbao)

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
Number Employed: 400
Group: A-TEC

Employment Effects

Announcement Date: 11-01-2007
Planned Job Reductions min: 80
Planned Job Reductions max: 80
Type of Restructuring: Internal restructuring
Other Job Reduction Measures: 80

Additional Information

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.

European Globalisation Fund: 2011 / 18