Cimpor

Type
Internal restructuring
Country
Portugal
Region
Location of affected unit(s)
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23.5 - Manufacture of cement, lime and plaster
23.51 - Manufacture of cement
150 jobs
Number of planned job losses
Job loss
Announcement Date
15 February 2013
Employment effect (start)
17 February 2013
Foreseen end date

Description

Cimpor - Cimentos de Portugal, the largest Portuguese cement manufacturer, announced that 150 employees will be made redundant. 90% of the redundancies will go ahead through early retirement.

The job losses are due to the unfavourable market condition, since there has been a decrease in cement sales by 70% between 2001 and 2012. In October 2012, 60 workers had to leave the company.

A member of the Cimpor’s works council said that this restructuring plan will mostly affect workers aged over 58 years old.

Sources

  • 15 February 2013: tsf

Citation

Eurofound (2013), Cimpor, Internal restructuring in Portugal, factsheet number 74978, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74978.