In addition, any company wishing to cease operations will have to give nine months’ notice. The Council of Ministers has approved the draft of the Industrial and Strategic Autonomy Law, in line with what was agreed last year by EH Bildu, Unidas Podemos and PSOE.
The project of Industrial and strategic autonomy legislationapproved by the Spanish government on Tuesday, strengthens measures aimed at preventing the relocation of industrial companies, especially those that have received public support, to protect jobs.
This is reflected in the draft Industrial and Strategic Autonomy Law, in line with what was agreed last year by EH Bildu, Unidas Podemos and PSOE. In this sense, the deputy of EH Bildu, Oscar Matutehas celebrated that the agreement reached in 2023 to stop the relocation of companies “will be fulfilled and become a reality”.
If noveltyCompanies that have received government subsidies of more than 3 million euros in the past five years will have to continue activity for the period established by law. And in case these companies had received subsidies for the implementation of their activity, they must give back if they reduce their production by more than 65% or their workforce by 500 or more.
In addition, any company that wishes to cease operations will have to announce this nine months in advance to the Spanish government.
A reindustrialization table will then be set up where the company, the ministry, the autonomous communities and the trade unions will be present to reverse the decision or guarantee all possible options for maintaining industrial capacity.
In the press conference after the Council of Ministers, the head of Industry and Tourism said: Jordi Hereuhas insisted that the text will provide the sector with “modernisation, safety, security and new support instruments”.
Likewise, he also assured that the bill aims, among other things, at “reindustrialization” or “guaranteeing strategic autonomy.”
According to the minister’s spokesperson Pilar Alegriathe new articles are in practice a ‘paradigm change’ after 32 years, since the current sectoral legislation was adopted in 1992.
After approval by the Council of Ministers, the text will soon be discussed by parliament in the Congress of Deputies.
Source: EITB
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