Sampaio, Ferreira & Companhia Lda

Type
Internal restructuring
Country
Portugal
Region
Continente; Norte;
Location of affected unit(s)
Riba de Ave, Famalicão
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13.1 - Preparation and spinning of textile fibres
13.2 - Weaving of textiles
118 jobs
Number of planned job losses
Job loss
Announcement Date
26 June 2003
Employment effect (start)
1 July 2003
Foreseen end date
1 December 2003

Description

The company 'Sampaio, Ferreira & Companhia Lda' was established in 1896. It was the first modern textile company of the 'Vale do Ave'. This is a lay-off case. The company decided to restructure because of the lack of orders and the world crisis. The lay-off starts in July and will finish in December 2003.

Sources

  • 26 June 2003: Público

Citation

Eurofound (2003), Sampaio, Ferreira & Companhia Lda, Internal restructuring in Portugal, factsheet number 59521, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59521.