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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Other Specialised Wholesale 46.7 - Other Specialised Wholesale
200 jobs Number of planned job losses
Announcement Date
22 January 2025
Employment effect (start)
22 January 2025
Foreseen end date
Description
Inapa Portugal, a paper and packaging distributor, is in an insolvency process that will affect around 200 workers. The judicial administrator in charge of the process, stating that the debtor informed the impossibility of the viability of a revitalisation plan.
Inapa filed for insolvency in 2024 following funding difficulties in the German subsidiary. The company had previously requested €12 million in State financing, which was refused by the government.
At the end of September, creditors approved the sale of Inapa Packaging to French company Next Pack for €20 million and Inapa France to Japanese company JPP for €25 million.
Inapa's bank debt amounted to €167 million, with BCP and Novo Banco among the main creditors. The company's collapse resulted in losses exceeding €8 million for the Portuguese State.
Eurofound (2025), Inapa, Bankruptcy in Portugal, factsheet number 202317, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202317.
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.
