Type
Internal restructuring
Country
Portugal
Region
Continente; Norte;
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24 - Manufacture of basic metals

150 jobs
Number of planned job losses
Job loss
Announcement Date
16 June 2003
Employment effect (start)
1 June 2003
Foreseen end date
1 December 2003

Description

150 workers are suspended from work suspension since the Summer of 2002. One expects that the Old Crown considers the lease of the installations and the machines to the creditors and reintegrates the workers.


Sources

  • 16 June 2003: Diário Económico

Citation

Eurofound (2003), Siulpe, Internal restructuring in Portugal, factsheet number 60055, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60055.