Type
Closure
Country
Portugal
Region
Continente; Norte;
Location of affected unit(s)
Guimarães
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13 - Manufacture of textiles

200 jobs
Number of planned job losses
Job loss
Announcement Date
9 March 2004
Employment effect (start)
1 March 2004
Foreseen end date
1 December 2004

Description

The textile company Tarf announced its closure due to the loss of orders and the accumulated debts (for a total of about 15 million euros). The measure will affect 200 workers. The company was paralysed since 8 October 2003, due to a strike of the workers, in protest against the constant delays in the payment of wages.


Sources

  • 9 March 2004: Público

Citation

Eurofound (2004), Tarf, Closure in Portugal, factsheet number 59831, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59831.