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 (13 - 15) Manufacture of textiles, apparel and leather 14.2 - Manufacture of other wearing apparel and accessories 14.21 - Manufacture of outerwear
137 jobs Number of planned job losses
Announcement Date
15 September 2025
Employment effect (start)
15 September 2025
Foreseen end date
Description
The Guimarães Court has declared the insolvency of Polopiqué Tecidos - a company of the Polopiqué textile group. 137 workers will be affected by this process.
In addition to unpaid wages and holiday allowance, these workers have yet to receive severance payments. Although they have been given the necessary documents to apply for unemployment benefits, the insolvency administrator – who is also managing the Special Revitalisation Plan (PER) for two other companies within the same group – has informed them that, for now, the outstanding payments will not be made. This dual role played by the administrator has raised concerns among the workers regarding the impartiality of the process.
Eurofound (2025), Polopiqué Tecido, Bankruptcy in Portugal, factsheet number 203370, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203370.
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