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.
Continente; Península de Setúbal; Península de Setúbal
Location of affected unit(s)
Palmela
Sector
Manufacturing (29 - 30) Manufacture for transport equipment 29.3 - Manufacture of motor vehicle parts and accessories 29.3 - Manufacture of motor vehicle parts and accessories
200 jobs Number of planned job losses
Announcement Date
30 November 2009
Employment effect (start)
1 January 2010
Foreseen end date
Description
Lear Corporation, a global leading supplier of automotive seating systems in Palmela, announced the dismissal of 200 workers. The trade union commented that nothing predicted this outcome since the management announced last summer that the problems "were overcome with the launch of three new projects."
Sources
30 November 2009: Visão
Citation
Eurofound (2009), Lear Corporation, Internal restructuring in Portugal, factsheet number 70023, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70023.