This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Izar no conseguirá beneficios este año
Hoist does not get benefits this year
03/06/2003
on June 3, 2003
The public shipyard Izar lost 89 million pesetas this year 2003, so it will not met the forecast of the Sepi, which in his plan of improvement of the company expected the company to abandon this year the losses. Still, since the year 2000, the firm has been reduced losses and this year expects to reach a hiring of 2.591 million euros.
IZAR was born of the integration by the end of the year 2000 of the shipyards public military Bazán and the civil Spanish shipyard to undergo a consolidation programme which provided benefits for the third year (2003). For now, the main problem of the company is in the civil works, as the military shipbuilding industry is profitable.
Related Companies or Entities
Izar Cutting Tools, S.A.L.
