Type
Closure
Country
Portugal
Region
Continente; Norte; Minho-Lima
Location of affected unit(s)
Riba de Ave
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13 - Manufacture of textiles

200 jobs
Number of planned job losses
Job loss
Announcement Date
25 June 2005
Employment effect (start)
19 March 2005
Foreseen end date
31 December 2005

Description

The textile company Sampaio & Ferreira announced its closure in Riba de Ave. The measure will affect 200 workers. The company justified the measure by severe economic difficulties and a lack of work related to the strong competition in the market. Sampaio & Ferreira is installed in Portugal since 1896.


Sources

  • 25 June 2005: Diário de Notícias

Citation

Eurofound (2005), Sampaio & Ferreira, Closure in Portugal, factsheet number 61826, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61826.