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
387 jobs Number of planned job losses
Announcement Date
15 April 2009
Employment effect (start)
Foreseen end date
Description
Coindu, a manufacturer of car covers, has announced the collective dismissal of 387 workers in Vila Nova de Famalicao and Arcos de Valdevez factories. The company justified the collective dismissals with a significant loss in revenues due to the global economic crisis. According to the trade union coordinator of the Textile Association of Minho and Trás-os-Montes, the collective dismissal will affect 387 employees, 148 in Vila Nova de Famalicao factory and 239 of Arcos de Valdevez factory.
The company has been operating for the last 20 years and has a third factory in Romania. Overall, it employs 1,700 workers.
Sources
15 April 2009: Jornal de Notícias
Citation
Eurofound (2009), Coindu, Closure in Portugal, factsheet number 68751, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68751.
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