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 Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14 - Manufacture of wearing apparel
120 jobs Number of planned job losses
Announcement Date
3 January 2005
Employment effect (start)
21 December 2004
Foreseen end date
3 January 2005
Description
The textile company Sociedade de Fabricantes, announced its closure. This announcement comes after the refusal of the social security to set off a recovery plan due to an accumulation of debts. The measure will affect 120 workers. The company was on hold since 21 December 2004. The 120 workers of the Sociedade de Fabricantes demand the payment of the vacation benefit and the proportional subsidies taxes as required by law. Sociedade de Fabricantes was a historical plant of the textile sector and the first unit of confections to operate in the district of Castelo Branco.
Sources
3 January 2005: O Primeiro de Janeiro
Citation
Eurofound (2005), Sociedade de Fabricantes, Closure in Portugal, factsheet number 61000, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61000.
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