Opway

Type
Internal restructuring
Country
Portugal
Region
Continente; Península de Setúbal; Península de Setúbal
Location of affected unit(s)
Montijo
Sector
Construction
41 - Construction of residential and non-residential buildings
41 - Construction of residential and non-residential buildings
41 - Construction of residential and non-residential buildings
65 jobs
Number of planned job losses
Job loss
Announcement Date
17 February 2011
Employment effect (start)
1 February 2011
Foreseen end date

Description

Construction company Opway announced that it has initiated a collective dismissal procedure affecting 65 employees (of a total of 600). The job losses are blamed on the difficult market situation. The president of the company said that this measure is not going to endanger the company's operation in the short and medium term.

Sources

  • 17 February 2011: Diário Económico

Citation

Eurofound (2011), Opway, Internal restructuring in Portugal, factsheet number 72011, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72011.