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.
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Leather And Related Products 15 - Manufacture of leather and related products
321 jobs Number of planned job losses
Announcement Date
12 August 2004
Employment effect (start)
12 August 2004
Foreseen end date
31 December 2004
Description
The childrens footwear company Elefanten announced the closure of its manufacturing plant in Vila Nova de Gaia. This measure will affect 321 workers (in its majority women), who will end their contract by mutual agreement. 100% of the capital of Elefanten belongs to British multinational C&J Clark, who already closed two of their footwear manufacturing plants in Portugal over the last three years. In 2001, Clark closed a plant in Arouca and in 2003 in Castelo de Paiva. The company put forward that accumulated debts since 2002 would justify this most recent plant closure. Elefanten was in Portugal since 1984.
Sources
12 August 2004: Público
Citation
Eurofound (2004), Elefanten, Closure in Portugal, factsheet number 60499, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60499.
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