The company communicated the decision to employees on Wednesday.
Zumaia shipbuilding company Astilleros Balenciaga will eventually go bankrupt after its restructuring plan failed, as confirmed by EITB Media.
The decision was communicated to staff by the shipyard management yesterday.
A month ago, San Sebastián’s Commercial Court Number 1 gave the green light to the restructuring and financing plan of Astilleros Balenciaga, which has now withdrawn from Cofides, the public-private company specialized in the management of state funds and dependent on the ministry. of Economics.
Therefore, if an investor is not found, the centuries-old shipyard will not continue its activities.
Balenciaga Shipyards currently employs 71 workers, although hundreds of jobs will be created as orders come in.
Source: EITB
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