The Works Council and the Basque Government are calling for caution in the face of the purchase of the Balenciaga shipyard
Zumaia's shipyard has been saved from closure after being purchased by a group from the United Arab Emirates. In response to this news, the Works Council and the Basque Government's Industry Advisor have been optimistic, although they have asked for caution since the purchase is not yet closed.
The Astilleros BalenciagaWorks Council and the Basque Government are optimistic about the purchase of the shipyard, which has been confirmed in recent days, but both have called for caution , as the agreement is not yet officially concluded.
The IndustryAdvisor of the Basque Government, Mikel Jáuregui, has welcomed the news because Abu Dhabi Ports "meets the criteria" of the Executive and has stressed that the group is a "strong investor" with contrasted management capacity.
However, the Chief Executive wished to express his caution and reassurance at the announcement: "Let us hope that at the beginning of next week we will know how this new investment reflects the needs we have, so that we can confirm the potential that will be given to the Basque Country to meet the industrial and future needs."
In the same vein, the chairman of the Balenciaga Shipyard Works Council,David Tejera, has also spoken K .
The purchase will guarantee the activity and employment of the Basque shipyard, the oldest in Gipuzkoa, as well as 71 jobs in the company.
It should be remembered that two investors showed interest in the shipyard, one state and one foreign, and finally it will be the United Arab Emirates group that buys the company for EUR 11.2 million.
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