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 Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.99 - Manufacture Of Other Textiles N.E.C.
130 jobs Number of planned job losses
Announcement Date
8 November 2023
Employment effect (start)
8 November 2023
Foreseen end date
Description
The closure of the Guerreiro & Génios, a textille company that has heen operating for almost 50 years in Portugal, will lead to the dismissal of at least 130 workers.
The company, which produces coats for the national and international market, working with brands such as Massimo Dutti, Hugo Boss, Carolina Herrera, among others, claims that a lack of orders is the main reason for the closure. In contrary, workers disagree and pointed out the bad management.
According to the union representative, since Easter there had been delays in payment of wages.
The workers were informed by email after their holidays had ended.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
