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Tubos Reunidos Says Voluntary Departures Meet 301-Job Target, Refocusing on Debt

The company now pursues refinancing of more than €260 million following collapsed ERE talks.

Overview

  • The company said voluntary exits cover the 301 redundancies proposed for its Amurrio and Trapagaran plants.
  • Management called the headcount cut the viability plan’s staffing objective and indicated the next phase will address its debt with SEPI.
  • UGT Euskadi earlier reported that roughly 270–280 workers had accepted the latest offer before the company’s update.
  • Workers at the Amurrio plant began a strike with pickets, with near-total participation on the night shift reported.
  • Talks on Friday failed to produce a negotiated ERE agreement as tensions within Basque unions persist.