Type
Closure
Country
Portugal
Region
Continente; Norte; Grande Porto
Location of affected unit(s)
Santa Maria da Feira
Sector
Manufacturing
Manufacturing Of Furniture And Other Manufacturing
Other Manufacturing
32 - Other manufacturing

150 jobs
Number of planned job losses
Job loss
Announcement Date
24 September 2004
Employment effect (start)
24 September 2004
Foreseen end date
31 December 2004

Description

Sobrinca announced its closure due to severe economic difficulties. The measure will affect 150 workers. Debts towards the workers totalised 717 million euros (payment of the wages have been delayed since the beginning of 2004).


Sources

  • 24 September 2004: Jornal de Notícias

Citation

Eurofound (2004), Sobrinca, Brinquedos e Utilidades para Criança, Closure in Portugal, factsheet number 60538, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60538.