Business · Companies · 11 hrs ago
Five offers for Tubos Reunidos include workforce cuts
Tubos Reunidos has received five proposals for its business.
The proposals include plans to reduce the workforce.
The group has two factories, and only one offer would buy both.
That proposal would pay one euro for the two factories.
The offers therefore differ in how much of the business they would take over.
The available details do not say which offer will be chosen or what happens next.
Five shortlisted offers have been made for Tubos Reunidos, and all include workforce reductions and changes to the working conditions of employees who remain.
The offers range from €27.5 million for the Trápaga production unit to symbolic bids of one euro for plants.
Two offers described by Expansión initially cover both Trápaga and Amurrio, while Cinco Días says only one offer proposes buying both factories.
The Amurrio plant is described as a greater concern because it faces more competition and has higher wage costs.
Talks with unions, public authorities and potential investors are now due to refine the final offers.
- Who
- Five investors whose offers were shortlisted by Tubos Reunidos’ insolvency administrator. Their identities have not been disclosed.
- What
- They submitted five offers for the company’s production units, all involving workforce reductions and changes to working conditions.
- When
- The offer details were reported on 16 October 2026. Talks to refine the bids are now beginning.
- Where
- Tubos Reunidos’ plants in Trápaga, Bizkaia, and Amurrio, Álava, in the Basque Country.
- Why
- Not stated
This story does not have two clearly opposing sides.
The details of the five shortlisted offers were reported as having been disclosed the previous day.
Talks with unions, public authorities and potential investors were due to begin to refine the offers.
- Shortlisted offers
- 5
- Highest bid
- €27.5 million for the Bizkaia production unit
- Second-highest bid
- €1 million for the Bizkaia production unit
- Lower-priced offer
- €100,000, with a subsidiary offer including Amurrio
- Amurrio workforce
- 900 of the group’s 1,200 workers