The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.30 - Manufacture of air and spacecraft and related machinery
161 - 195 jobs Number of planned job losses
Announcement Date
5 June 2020
Employment effect (start)
5 June 2020
Foreseen end date
15 July 2020
Description
The manufacturer of aircraft machinery Lauak Aerostructures Setúbal announced a collective dismissal of 161 workers. These are 36 redundancies less than the initial announcement at the beginning of June 2020, mentioning 197 dismissals. The crisis caused by COVID-19 is the main reason given for this internal restructuring process. The pandemic led to the cancellation of orders by the main global producers - Boeing and Airbus, the main customers of the Lauak Group. The Group marks a 36% drop in turnover.
The redundancy programme will be carried out until July 15th and covers 20 professional categories: administrative, engineers, senior technicians, plating operators, logistics and reception. Performance evaluation; low academic or professional qualification, little experience in the function or less seniority were the criteria for selecting workers covered by collective redundancy.
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