Baiona

Type
Bankruptcy
Country
Portugal
Region
Continente; Norte; Área Metropolitana do Porto
Location of affected unit(s)
Porto
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13 - Manufacture of textiles
13 - Manufacture of textiles
200 jobs
Number of planned job losses
Job loss
Announcement Date
12 October 2003
Employment effect (start)
1 September 2003
Foreseen end date
1 October 2003

Description

The textile company Baiona declared bankruptcy due to severe economic difficulties. 200 workers were made redundant without being paid in September 2003.

Sources

  • 12 October 2003: O Primeiro de Janeiro

Citation

Eurofound (2003), Baiona, Bankruptcy in Portugal, factsheet number 58981, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/58981.