Tarf

Type
Closure
Country
Portugal
Region
Continente; Norte; Ave
Location of affected unit(s)
Guimarães
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13 - 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://apps.eurofound.europa.eu/restructuring-events/detail/59831.