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.
Continente; Centro (PT); Beiras e Serra da Estrela
Location of affected unit(s)
Seia
Sector
Manufacturing (13 - 15) Manufacture of textiles, apparel and leather 13 - Manufacture of textiles 13 - Manufacture of textiles
100 jobs Number of planned job losses
Announcement Date
25 January 2005
Employment effect (start)
5 January 2005
Foreseen end date
13 January 2005
Description
The textile company Vodrages — Tecidos e Fios is about to close, making 100 workers redundant. The company gave as a reason the severe economic difficulties. The 100 workers of the Vodrages Company demand the payment of the December wages and 50% of the Christmas subsidy.
Sources
25 January 2005: Público
Citation
Eurofound (2005), Vodrages - Tecidos e Fios, Closure in Portugal, factsheet number 61078, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61078.