Industry Minister Reyes Maroto announced yesterday that industrial companies experiencing economic hardship will have to report closures or “a decline in activity that has caused significant job losses” to the Ministry of Industry and unions. Council of Ministers, which approved the new draft law on the sector. The text contains a commitment “Special” protection for electro-intensive industry, It’s key in Asturias, but how such support would occur was not specified. Likewise, initiatives are being taken to stop relocations and closures that oblige large publicly funded companies to remain operational for at least five years, as in the case of Alcoa.
The norm, currently entering the parliamentary process, will replace the legislation in force from 1992. According to the new text, the situation of companies suffering from economic and financial distress will be examined by an expert. Reindustrialization Roundtable To be attended by officials of the State Administration and the autonomous community where the affected company is located. The aim, Maroto explained, will be to “discover formulas for the prevention, correction and mitigation of the impacts associated with industrial crises”. So, before you let the company shut down or make mass layoffs, look for any solutions. A risk that haunts many companies due to rising energy prices.
law, industry in “gain weight” Spanish economy, a particularly relevant factor in Asturias, where the industry has been going backwards for decades due to recycling. One of the measures envisaged is that companies receiving public assistance in the form of subsidies or loans are obliged to continue their activities for at least a period of time: five years in the case of large companies; In the case of SMEs, three.
Likewise, the law will apply “special protection” and “accompanying measures to facilitate its decarbonization” to electro-intensive industry. Asturiana de Zinc in Asturias (less) or ArcelorMittal meets both specifications. However, neither Minister Maroto nor the summary of the draft yesterday added further details at this point.
The government will give “special attention” to internationalization programs “whose purpose is the promotion or consolidation of Spanish industrial companies in the international arena.It will also enable administrations to promote industrial zones “preferably through consensus with the actors involved in their development and management”.