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.
Transportation / Storage 49 - Land transport and transport via pipelines 49.4 - Freight transport by road and removal services 49.41 - Freight transport by road
125 jobs Number of planned job losses
Announcement Date
29 December 2011
Employment effect (start)
29 December 2011
Foreseen end date
Description
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.
Sources
14 July 2011: Diário de Notícias
3 December 2011: agencia Financeira
29 December 2011: Diario Digital
Citation
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.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...