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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
150 jobs Number of planned job creations
Announcement Date
7 February 2011
Employment effect (start)
1 March 2011
Foreseen end date
Description
Portuguese sofa manufacturer Aquinos is to create 150 new jobs in a new production plant in Povoa de Lanhoso. The company will invest one million euro in the new facility which will be operational in March 2011. According to the president of the board, the choice of this location (in Vale do Ave) is linked to the available manpower specialized in sewing, since this is an area where the textile industry had a strong presence but suffered a severe crisis in recent years.
Sources
7 February 2011: RTP
7 February 2011: Visão
Citation
Eurofound (2011), Aquinos, Business expansion in Portugal, factsheet number 71670, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71670.
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