Type
Closure
Country
Portugal
Region
Continente; Norte; Grande Porto
Location of affected unit(s)
Vila Nova Gaia (Arcozelo)
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28 - Manufacture of machinery and equipment n.e.c.

150 jobs
Number of planned job losses
Job loss
Announcement Date
6 November 2004
Employment effect (start)
1 June 2004
Foreseen end date
30 November 2004

Description

The company producer of moulds Soarmoldes - Ferreira Guedes & Soares announced its closure due to severe economic difficulties. The company accumulated debts that totalised 25 million euros in November 2004. The closure will affect 150 workers.


Sources

  • 6 November 2004: Jornal de Notícias

Citation

Eurofound (2004), Soarmoldes - Ferreira Guedes & Soares, Closure in Portugal, factsheet number 60754, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60754.