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Tubos Reunidos
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The insolvency administrator has stated that he will try to save Tubos Reunion in its entirety, not in parts

It has also announced the withdrawal of the ERE, thus maintaining the nearly 900 workers at the Amurrio plant, as well as guaranteeing wages until the summer.

Stock image. Photo: EFE

The insolvency administrator of Tubos Reunidos, who is working to find an investor partner that will make it viable for the future, has explained that there is currently no firm offer and has ensured that he will try to savethe company "whole" without having to sellit in parts.

On Monday, the insolvency administrator, PKF Attest, met with the unions at the Amurrio plant, the largest of the Alavese factory group, with 870 workers, and this afternoon he will have another meeting with the committee at the Trapagaran plant.

On the other hand, the insolvency administrator has announced that the Employment Regulation Dossier (ERE) will not apply, so the 190 redundancies provided for in the file will not be made within one and a half years.

He has also pointed out that there is money in the cash box to cover workers' salaries until the summer , if normal work continues and income is generated to pay payrolls.

The trade unions have indicated that, following this decision by the administrator, the application against the regulatory dossier will be withdrawn, so that the trial provided for in this regard in the High Court of Justice of the Basque Country on 7 July will not take place.

None of the other points included in the feasibility plan presented by the management, the closure of the steelworks at the Amurrio plant, will apply.

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