Valeo

Type
Internal restructuring
Country
Portugal
Region
Continente; Norte; Área Metropolitana do Porto
Location of affected unit(s)
Santo Tirso
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
153 jobs
Number of planned job losses
Job loss
Announcement Date
15 June 2003
Employment effect (start)
1 June 2003
Foreseen end date
1 December 2003

Description

Valeo company decided to restructure. it is caused by the end of the production in series and the start of its production diversification. The restructuring will be done by a reduction of 153 jobs.

Sources

  • 15 June 2003: Diário Económico

Citation

Eurofound (2003), Valeo, Internal restructuring in Portugal, factsheet number 59643, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59643.