Restructuring events
European Restructuring Monitor (ERM)
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.
Textile manufacturer Manhentex closed its site in Barcelos and 100 workers will lose their jobs. According to the textile trade union of Minho and Trás-os-Montes, the liability of the company amounts to 6 million euro, of which 3.5 are debts to Social Security.
The Manhentex has been operating in Manhente (Barcelos) since 1973. The workers are 50 to 61 years old, with limited prospect of finding a new job. Most of them worked over 25 years in the company.
Eurofound (2011), Manhentex, Bankruptcy in Portugal, factsheet number 72206, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72206.