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

180 jobs
Number of planned job losses
Job loss
Announcement Date
20 August 2004
Employment effect (start)
18 August 2004
Foreseen end date
31 August 2004

Description

The textile company Raínha do Cávado announced the closure of its plant in Barcelos. The measure will affect 180 workers (in majority women). The management states that it does not have money to pay the vacation benefits, the wages of August and the proportional severance of contract indemnities required by law. Raínha do Cávado is installed in Portugal since 1964.


Sources

  • 20 August 2004: Público

Citation

Eurofound (2004), Raínha do Cávado, Closure in Portugal, factsheet number 60503, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60503.