Manuel Nunes & Fernandes II, Lda.,

Type
Closure
Country
Portugal
Region
Continente;
Location of affected unit(s)
Sector
Transportation / Storage
52 - Warehousing, storage and support activities for transportation
52 - Warehousing, storage and support activities for transportation
52 - Warehousing, storage and support activities for transportation
400 jobs
Number of planned job losses
Job loss
Announcement Date
6 September 2011
Employment effect (start)
Foreseen end date

Description

Manuel Nunes & Fernandes II, Lda., a Portuguese food distribution company closed and dismissed all its  400 workers.

The company justifies the decision with the deepening economic crisis and a very strong competitive pressure, which led to a diminished activity that did not generate the funds necessary for the company to meet all its financial commitments.

Sources

  • 6 September 2011: tsf

Citation

Eurofound (2011), Manuel Nunes & Fernandes II, Lda.,, Closure in Portugal, factsheet number 72384, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72384.