Euronadel

Type
Closure
Country
Portugal
Region
Continente; Grande Lisboa; Grande Lisboa
Location of affected unit(s)
Cascais
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
182 jobs
Number of planned job losses
Job loss
Announcement Date
29 January 2009
Employment effect (start)
1 February 2009
Foreseen end date

Description

Euronadel, which manufactures industrial needle makers, is to close its plant in Cascais, Portugal with the loss of 182 jobs. The closure was announced by the parent company Groz-Breckert Group. The German company said weak demand in the textile industry for its products are behind the decision. This closure will affect all 182 workers. The multinational company guarantees that the dismissed workers will receive compensation payments above the law.

Sources

  • 29 January 2009: Público

Citation

Eurofound (2009), Euronadel, Closure in Portugal, factsheet number 68354, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68354.