The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial / Insurance/ Estate 65 - Insurance, reinsurance and pension funding, except compulsory social security 65 - Insurance, reinsurance and pension funding, except compulsory social security 65 - Insurance, reinsurance and pension funding, except compulsory social security
100 jobs Number of planned job losses
Announcement Date
9 July 2003
Employment effect (start)
1 July 2003
Foreseen end date
1 December 2004
Description
The Insurance Company Fidelidade-Mundial dismisses 100 workers by the end of 2004. This situation results of the merger of Fidelidade and Mundial Confiança.
Sources
9 July 2003: Diário Económico
Citation
Eurofound (2003), Companhia de Seguros Fidelidade-Mundial, Internal restructuring in Portugal, factsheet number 60265, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60265.