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.
Transportadora Nacional de Camionagem (TNC), a Portuguese road freight company, has filed for liquidation. Consequently, 125 workers will be made redundant. This is the result of TNC's creditors voting against the company's administration process and viability plan.
Over previous months the affected workers met with representatives of the Ministry of Economy several times to find alternative solutions. They also organized marches throughout Lisbon to protest against the redundancies.
Eurofound (2011), Transportadora Nacional de Camionagem (TNC), Bankruptcy in Portugal, factsheet number 73263, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73263.