Confecções Pacheco

Type
Closure
Country
Portugal
Region
Continente; Norte; Área Metropolitana do Porto
Location of affected unit(s)
Santo Tirso
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13 - Manufacture of textiles
13 - Manufacture of textiles
150 jobs
Number of planned job losses
Job loss
Announcement Date
6 January 2005
Employment effect (start)
24 December 2004
Foreseen end date
6 January 2005

Description

The textile company Confecções Pacheco, manufacturing coats, announced its closure in Santo Tirso due to the debts accumulated towards the Ministry Finance, Social Security and the banks. The 150 workers affected by the closure of the company demand the payment of the Christmas subsidy, the days worked in December and the proportional subsidies taxes as required by law. The textile company was present in Portugal 29 years.

Sources

  • 6 January 2005: Público

Citation

Eurofound (2005), Confecções Pacheco, Closure in Portugal, factsheet number 61001, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61001.