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.
Manufacturing Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31.09 - Manufacture of other furniture
450 jobs Number of planned job creations
Announcement Date
13 March 2014
Employment effect (start)
1 June 2014
Foreseen end date
Description
A partnership between Portuguese furniture manufacturer Aquinos and the municipality of Nelas will result in the creation of 450 jobs at a new production unit in Nelas, which will be manufacturing sofas. Furthermore, 150 jobs will likely to be created indirectly.
According to the municipality’s president, Aquinos will open its unit in June 2014 and will inject more than EUR 7 million per year in wages in the local and regional economy.
The ERM reported on a previous round of job creation at Aquinos in 2011.
Sources
13 March 2014: Boas Noticias
12 March 2014: Jornal de negocios
Citation
Eurofound (2014), Aquinos, Business expansion in Portugal, factsheet number 76736, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76736.
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