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 Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22 - Manufacture of rubber and plastic products
New offshoring locations
Spain
125 jobs Number of planned job losses
Announcement Date
19 February 2010
Employment effect (start)
19 February 2010
Foreseen end date
31 August 2010
Description
North American company Ferro Corp is to cut 125 jobs in Portugal between now and August as it transfers plastics manufacturing operations to Spain. The job losses are expected to reduce the costs of the company's manufacturing operations in Europe. Ferro Corp. announced that it will transfer part of its operations from its factory in Castanheira, Portugal, to its plant in Almazora, Spain.
Eurofound (2010), Ferro Corp., Offshoring/Delocalisation in Portugal, factsheet number 70414, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70414.
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