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.
Manufacturing (13 - 15) Manufacture of textiles, apparel and leather 13 - Manufacture of textiles 13 - Manufacture of textiles
103 jobs Number of planned job losses
Announcement Date
27 October 2005
Employment effect (start)
24 October 2005
Foreseen end date
31 December 2005
Description
The textile company Cardifil, announced its closure. This announcement comes after the refusal of the social security to set off a recovery plan due to an accumulation of debts. The measure will affect 103 workers.
Sources
27 October 2005: Jornal de Notícias
Citation
Eurofound (2005), Cardifil, Closure in Portugal, factsheet number 62509, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62509.