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Basque Government Rejects Solo Bailout as Tubos Reunidos Sets ERE Talks and Amurrio Strikes

Regional officials say any public support would depend on private investors.

Overview

  • Tubos Reunidos has announced an ERE for its Amurrio and Trapagaran plants, but the scope of job cuts has not been defined.
  • The Basque Government’s industry chief said the executive will not inject public money on its own and would require private capital to participate in any rescue.
  • The Amurrio plant workforce has called two 24-hour strikes, one on the day talks are due to open and another on Friday, February 13, tied to a meeting with regional authorities.
  • The Trapagaran plant committee is holding off on strikes while it assesses how the employment plan would affect its roughly 330 workers.
  • Bizkaia employers’ association Cebek called the ERE “bad news” and argued the announced strikes are not the most appropriate response, as the company cites heavy impact from U.S. tariffs and longstanding financial strains affecting its 1,300 workers.