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 (32) Other manufacturing 32 - Other manufacturing 32 - Other manufacturing
150 jobs Number of planned job losses
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://apps.eurofound.europa.eu/restructuring-events/detail/60538.
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