Renta 4 | Tubos Reunidos has informed the National Securities Market Commission (CNMV) that, on 4 May 2026, its Board of Directors approved the application for voluntary administration. The application has already been filed with the competent court in Álava. The decision has been taken due to the cash flow difficulties faced by the company, exacerbated by the shutdown of operations at its Amurrio plant, which have led the company…

Renta 4 | Tubos Reunidos has informed the National Securities Market Commission (CNMV) that its viability is at risk due to several factors, including the impact of US tariffs and the failure to reach agreements to restructure its debt and secure new financing. The company is working on a Viability Plan focused on: i) adapting to the reduction in activity due to the 50% tariffs in the US from June…

Link Securities | The Basque company Tubos Reunidos (TRG) has formalised the redundancy plan (ERE) with the works council, affecting 285 workers compared to the 301 initially planned, according to a report in Expansión on Wednesday. The initial workforce prior to the redundancy plan stood at 1,217 jobs, 889 in Amurrio (Álava) and 326 in Trápaga (Vizcaya), meaning the redundancies will have a greater impact on the Álava workforce, where…

Alphavalue/ Divacons | Following the conclusion of the consultation period for the collective redundancy plan without an agreement, Tubos Reunidos declared itself ‘compelled’ to proceed with the collective redundancy of 301 workers. Management warned that the negotiating committee’s rejection of the agreement “seriously complicates” the restructuring of its debt with the State Industrial Holdings Company (SEPI) and the banks, forcing the company to assess all possible scenarios in light of…

Link Securities | The company expects to close the 2025 financial year with a negative attributable net result of €71.3 million, pending the incorporation of the impairment of assets affected by the decline in activity inthe US. According to preliminary and unaudited figures reported to the CNMV on Monday, consolidated EBITDA was also negative, at €22.8 million, weighed down by the decline in activity, price pressure and the impact of…

Link Securities | Given the complex economic situation and the current international market context, Tubos Reunidos has informed the Works Councils of the Amurrio and Trápaga plants of the company’s interest in holding a meeting on 9 February at the Amurrio plant. The purpose of the meeting is to present and explain in a clear, direct and transparent manner the measures of the Viability Plan that will affect each of…