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The mayor of Zumaia has expressed concern about the trading conditions of the Balenciaga shipyard

Iñaki Ostolaza asks that the working conditions of the workers be the same as those established by the judge to close the sale valued at 11.2 million euros, but with the Works Council the approval is necessary.

Astilleros Balenciaga EFE

Balenciaga shipyard.

After months of negotiations, the Balenciaga shipyard in Zumaia has signed a sales agreement with the Arab investment group Abu Dhabi Ports for 11.2 million euros.

The mayor of Zumaia, Iñaki Ostolaza, has expressed concern about the conditions of the sale and has asked that the working conditions of the workers be determined by the judge, who has said that the buyer must equalize the previous working conditions, since the offer put on the table today is subject to the agreement. 

\u00A0\u00a0A0 The Company Committee has expressed its "prudence" but has stressed that if employment and working conditions are maintained, it will not "hinder" it. 

The Basque Government, for its part, has made a positive assessment. "We value it in a very positive way. It is excellent news that we should all be pleased. Gaurkoa is a great day for Euskadi, our industry, the Basque shipbuilding industry, Zumaia, and the workers of Balenciaga, as well as their families, who have lived in the last few months in uncertainty," said Mikel Jauregi, Director of Industry, Energy Transition and Sustainability.

The Balenciaga shipyard in Zumaia has been in competition with creditors since December last year.

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