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Gobierno de España - Ministerio de Hacienda y Función Pública
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On April 2004, Mr. Enrique Martínez - Robles assumed the chairmanship of the state-owned holding company SEPI. During the year, SEPI´s Agenda was marked by the decision taken by the European Community Authorities on May 12th, 2004, and which declared as incompatible with the market a number of aids received by IZAR and demanded their return. In order to face the problem a Working Team was established, which analyzed the situation and to point out the possible ways for solving it. Finally, after a prolonged negotiation among all the parties involved: SEPI, IZAR, the trade unions with representatives in the Company and the European Union Commissioner for Competition, on December 16th, 2004 an agreement was reached which was supported by all the parties.

This Agreement allows to face the problem in its different aspects: production, finances, labor and regional, orienting the inescapable transformations for Izar towards a sound feasible horizon, with an absolute transparency, dialoguing with the trade unions, keeping informed the autonomous regional governments and offering its collaboration to the European Commission.

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