J. Martins Pereira

Type
Closure
Country
Portugal
Region
Continente; Norte; Ave
Location of affected unit(s)
Guimarães (Lordelo)
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13 - Manufacture of textiles
13 - Manufacture of textiles
170 jobs
Number of planned job losses
Job loss
Announcement Date
10 November 2004
Employment effect (start)
10 November 2004
Foreseen end date
31 May 2005

Description

J. Martins Pereira, textile company producing cotton fabrics, announced its closure. The company was paralysed since 16 March 2004 because its debts towards EDP (Electricidad de Portugal) totalised 75,000 euros. The closure will affect 170 workers.

Sources

  • 10 November 2004: Jornal de Notícias

Citation

Eurofound (2004), J. Martins Pereira, Closure in Portugal, factsheet number 60755, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60755.