Jorgen Mortensen

Type
Bankruptcy
Country
Portugal
Region
Continente;
Location of affected unit(s)
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23 - Manufacture of other non-metallic mineral products
23 - Manufacture of other non-metallic mineral products
152 jobs
Number of planned job losses
Job loss
Announcement Date
6 July 2003
Employment effect (start)
1 July 2003
Foreseen end date
1 December 2003

Description

The Wage Fund is not paying wages to workers since April 2003,i.e. 103 000 Euros. The court has therefore announced the bankruptcy of the company, which face big liquidity problems.

Sources

  • 6 July 2003: O Primeiro de Janeiro

Citation

Eurofound (2003), Jorgen Mortensen, Bankruptcy in Portugal, factsheet number 59003, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59003.