Privatization of Izar shipbuilding company comes to an end Tuesday
Spanish trade union CC.OO. is to challenge the privatization of the IZAR factories as it thinks the Government has broken the agreement reached with the trade unions in December 2004.
Izar employeesThe privatization of the shipbuilding company IZAR comes to an end Tuesday when the state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI) completes the sale of the IZAR facilities in the Basque town of Sestao and Gijon and Seville in Spain. Concerning the Izar facilities in Manises (Valencia), the SEPI is to propose Tuesday the delay of the sale as the European Commission need some more data on it.