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.
The Portuguese textile company Mateus e Mendes, located in the industrial area of Castelo Branco, has closed, leading to the dismissal of 150 female workers. The company had already stopped production for the last two weeks, and the request for insolvency is currently taking place.
According to the textile trade union, the suspension of contracts until the decision of the creditors meeting would be the best solution, but the company has opted to make the dismissals.
The Portuguese authorities applied for aid from the European Globalisation Adjustment Fund (EGF).
Eurofound (2009), Mateus e Mendes, Bankruptcy in Portugal, factsheet number 69194, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69194.