Kaz Ibérica

Type
Closure
Country
Portugal
Region
Continente; Norte; Área Metropolitana do Porto
Location of affected unit(s)
Gondomar
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
200 jobs
Number of planned job losses
Job loss
Announcement Date
13 January 2005
Employment effect (start)
12 January 2005
Foreseen end date
31 March 2005

Description

The oil heaters producer Kaz Ibérica announced its closure. The measure will affect 200 workers who will be dismissed in the next 4 months. Unions consider it another case of delocalisation to countries where the work force is cheaper (Kaz Ibérica already has a plant in China).

Sources

  • 13 January 2005: Diário de Notícias

Citation

Eurofound (2005), Kaz Ibérica, Closure in Portugal, factsheet number 61031, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61031.