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 Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.2 - Support activities for transportation
650 jobs Number of planned job losses
Announcement Date
26 January 2012
Employment effect (start)
Foreseen end date
Description
With the acquisition of Groundforce, Grupo Urbanos will save around 2,000 of Groundforce's 2,650 jobs. Portuguese firm Grupo Urbanos, specialized in the provision of logistics and outsourced services, has received the green light from Portugal's competition authority Autoridade da Concorrencia (AdC) to buy Groundforce. There is no information on the total employed by Grupo Urbanos or the timeline for the implementation of redundancies.
Sources
25 January 2012: RTP Noticias
26 January 2012: Económico
Citation
Eurofound (2012), Urbanos, Merger/Acquisition in Portugal, factsheet number 73267, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73267.
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