Type
Bankruptcy
Country
Portugal
Region
Continente; Centro (P);
Location of affected unit(s)
Portalegre
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59085.