Type
Internal restructuring
Country
Portugal
Region
Continente;
Location of affected unit(s)
Sector
Retail
Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles
Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles
45 - Wholesale and retail trade and repair of motor vehicles and motorcycles

250 jobs
Number of planned job losses
Job loss
Announcement Date
23 August 2003
Employment effect (start)
1 January 2003
Foreseen end date
1 August 2003

Description

Since January of 2003, the Group Entreposto fired 250 workers through agreements of resignation, collective dismissal and not renewal of a fixed-term contract. The reason is the crisis of the sector automobile in Portugal.


Sources

  • 23 August 2003: Diário de Notícias

Citation

Eurofound (2003), Entreposto, Internal restructuring in Portugal, factsheet number 58903, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/58903.