Type
Bankruptcy
Country
Portugal
Region
Continente; Norte; Cávado
Location of affected unit(s)
Esposende
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13 - Manufacture of textiles

111 jobs
Number of planned job losses
Job loss
Announcement Date
26 August 2010
Employment effect (start)
4 August 2010
Foreseen end date

Description

The textile manufacturer FMAC in Esposende which belongs to the Quinta e Costa group, announced collective dismissals affecting 111 workers. However, according to the President of the textile trade union of Minho and Trás-os-Montes, the management failed to comply with some legal requirements in the collective dismissal process. For some older workers it may be difficult to find a new job. 


Sources

  • 27 August 2010: Jornal de Notícias

Citation

Eurofound (2010), FMAC, Bankruptcy in Portugal, factsheet number 71135, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71135.