Tubacex has initiated an ERTE at its Llodio and Amurrio plants because declining oil pipeline investments, driven by geopolitical uncertainty, have reduced order flow despite a €1.202 billion backlog. The ERTE signals weakened demand for oil infrastructure equipment in Europe and may affect employment and future investment plans within the tubular industry. Tubacex, its employees at the Llodio and Amurrio sites, and the broader Spanish oil pipeline supply chain. Further clarification on the scale of the ERTE and potential policy responses to support the sector are expected in the coming weeks. Tubacex, a Spanish manufacturer of steel tubes, has announced the start of an ERTE at its Llodio and Amurrio facilities due to reduced oil pipeline orders caused by geopolitical tensions. The company still holds a backlog of approximately €1.202 billion in orders, but the uncertainty is prompting workforce adjustments. The move reflects broader strain on European industrial firms linked to the oil sector.
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