Universal Motor's

Type
Closure
Country
Portugal
Region
Continente; Centro (PT); Região de Aveiro
Location of affected unit(s)
Ovar
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
95 jobs
Number of planned job losses
Job loss
Announcement Date
23 July 2005
Employment effect (start)
23 July 2005
Foreseen end date
31 December 2005

Description

The company Universal Motor's announced its closure in Ovar due to the debts accumulated towards the State and the workers. The measure will affect 95 workers. The company produces electric motors.

Sources

  • 23 July 2005: Diário de Notícias

Citation

Eurofound (2005), Universal Motor's, Closure in Portugal, factsheet number 62044, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62044.