Hunosa and the trade unions signed the 8 October 2026 gave the Plan de Empresa 2025–2028 signed. President Enrique Fernández stressed that the agreement secures the continuity of the state-owned mining company until 2050. The agreement includes an investment package of more than 100 million euros, as well as measures to stabilise employment and restructure industry in Asturias’s traditional mining regions.
The plan now finalised follows months of negotiations between company management and employee representatives. The parties had already reached an agreement in principle on 27 June 2026, which has since been fleshed out. Trade union representatives included SOMA-FITAG-UGT and CCOO was involved. The state shareholder, SEPI supports the drive to diversify activities and gradually transform the business model away from traditional hard coal mining. This gives institutional backing to the structural change that began in recent years in Asturias .
In substance, the 2025–2028 plan focuses on project funding, investment and internal programmes to adapt the workforce. It provides for funding for new business areas and initiatives aimed at reindustrialising the affected sites. Company management and the trade unions stress that safeguarding jobs and taking part in energy transition projects are among the agreement’s guiding principles. Establishing a multi-year framework makes it possible to align operational steps with collective bargaining arrangements and investment decisions.
Specific spending plans and milestones will be defined in several phases, with regular progress reviews. Details of the schedule and allocation of funds will depend on the projects. At the end of September, in advance communications about the plan period, Hunosa had expected to mobilise more than 110 million euros and create around 80 additional jobs; these figures related to the projects planned at the time and may change with the final selection of initiatives.
Implementation depends not only on internal planning but also on external factors such as contract awards, project approvals and economic developments. For Asturias, the agreement combines the prospect of investment and new activities with the risk that employment and value-creation effects will materialise only if projects are completed on schedule. However, the signature established the central framework through to 2028; it gives Hunosa, its partners and the region planning certainty in the medium and long term, and sets the strategic horizon through to 2050.
Editor: Mira Cadena (Article created with AI assistance).