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 Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
220 jobs Number of planned job losses
Announcement Date
5 December 2008
Employment effect (start)
12 October 2008
Foreseen end date
2 December 2008
Description
Key plastics announced the loss of 220 jobs affecting its 3 factories in Portugal: Gândara dos Olivais, Barosa and one in Vendas Novas.
Key Plastics Portugal (KPP), a Key Automotive Group company, is a global enterprise that provides a full range of engineering, program management and production services to the automotive industry. This decision was justified by the need to adjust the capacity to declining demand.
The Co-ordinator of the trade unit SINQUIFA - Sindicato dos Trabalhadores a Química, Farmaceutica, Petróleo e Gás do Centro, Sul e Ilhas (chemical, pharmaceutical, oil and gas Workers Union) in Leiria expressed his concern about the situation and confirmed that temporary agent workers and other non-permanent workers are among those who were dismissed.
KPP general-director has raised the possibility of re-integrating these 220 workers after the end of the first quarter of 2009 in the event that the production of a German automobile component company which has declared bankruptcy is transferred to Portugal.
Sources
5 December 2008: Diário Económico
Citation
Eurofound (2008), Key Plastics, Internal restructuring in Portugal, factsheet number 67725, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67725.
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