Teagel

Type
Closure
Country
Portugal
Region
Continente; Oeste e Vale do Tejo; Lezíria do Tejo
Location of affected unit(s)
Coruche
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
300 jobs
Number of planned job losses
Job loss
Announcement Date
16 January 2012
Employment effect (start)
16 January 2012
Foreseen end date
31 December 2012

Description

Telecom equipment manufacturer Tegael announced the closure of the plant in Coruche which will result in the dismissal of 300 employees in 2012. In the last two months of 2011, the company already dismissed 100 employees: 70 through collective dismissals and 30 through individual processes. According to the Executive Board the closure is related to the crisis. The union was informed about the intention to close the plant, but it questions the arguments put forward by the executive board. Its closure raises great worries among the local authorities as Tegael is the main employer in the town.

Sources

  • 16 January 2012: Rádio Renascença

Citation

Eurofound (2012), Teagel, Closure in Portugal, factsheet number 73410, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73410.