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.
State-owned shipbuilder Estaleiros Navais de Viana do Castelo (ENVC) is to close and its 609 employees will be dismissed. Following an international public tender, the company has been awarded in sub-concession to the Martifer Group.
According to the sources, the management proposed termination of employment contracts by mutual agreement and compensation. The works council is making an appeal to the workers to refuse any proposal for voluntary termination of contracts. As reported, in case the plan for termination of contracts by mutual agreement fails, the option would be the collective dismissals.
Additionally, about 400 of the dismissed workers shall be hired in the beginning of 2014 by Martifer Group, via firm West Sea. As reported, the closure shall take place by the end of 2013.
Eurofound (2013), Estaleiros Navais de Viana do Castelo (ENVC), Internal restructuring in Portugal, factsheet number 76358, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76358.