Type
Internal restructuring
Country
Portugal
Region
Continente; Norte; Ave
Location of affected unit(s)
Famalicão
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13 - Manufacture of textiles

100 jobs
Number of planned job losses
Job loss
Announcement Date
3 June 2013
Employment effect (start)
Foreseen end date

Description

Portuguese textile group Manuel Gonçalves (TMG) is to cut 100 positions in Famalicão. The redundancies will affect mostly  the units of spinning, weaving and dyeing. Last year the company had already dismissed 50 workers who were formerly employed at the same plant.

According to the union Sindicato Têxtil do Minho e Trás-os-Montes, the company has been struggling with lack of orders and intends to reduce its production in Famalicão.


Sources

  • 3 June 2013: Económico

Citation

Eurofound (2013), TMG, Internal restructuring in Portugal, factsheet number 75488, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75488.