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.
Czech footwear retailer Bata will close its 26 stores in Portugal. This decision will lead to the collective dismissal of all workers - 146 people in total. A formal announcement was already sent by post to all Bata employees in Portugal.
According to the company representatives, the economic situation of the country and substantial decrease in the purchasing power of the consumers are the main reasons for the closure.
The first stores will be closed in July. The process will be carried out gradually and completed by the end of September 2012.
Eurofound (2012), Bata, Closure in Portugal, factsheet number 73785, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73785.
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