Fino's

Type
Bankruptcy
Country
Portugal
Region
Continente; Alentejo; Alto Alentejo
Location of affected unit(s)
Portalegre
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13.1 - Preparation and spinning of textile fibres
13.2 - Weaving of textiles
260 jobs
Number of planned job losses
Job loss
Announcement Date
19 December 2003
Employment effect (start)
1 December 2003
Foreseen end date
1 December 2003

Description

Fino's declared bankruptcy due to severe economic difficulties since the beginning of 1990. The measure will affect 260 workers on a collective basis.

Sources

  • 19 December 2003: Público

Citation

Eurofound (2003), Fino's, Bankruptcy in Portugal, factsheet number 59085, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59085.