Restructuring events
European Restructuring Monitor (ERM)
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.
Seber, a pharmaceutical company based in Portugal, has closed with the loss of 120 jobs. The closure is based on a decision taken by the owners and took the employees by surprise, as the company had a stable financial and economic situation.
Besides the unit, locatedin Póvoa de Santo Adrião (in the surrounding of Lisbon) the warehouses owned by the company in Coimbra and Porto, as well as other services, were also closed.
This closure will affect more than 120 workers and the company will pay a compensation of one monthly wage per year of service (the amount required by law).
Eurofound (2008), Seber, Closure in Portugal, factsheet number 68360, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68360.
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