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.
Minipreço, a discount supermarket chain in Portugal, part of the Spanish Dia (which was formerly owned by the French supermarket company Carrefour) has dismissed 130 workers. On 5 January 2015, four supermarkets were closed resulting in 130 redundancies. The reason for the closures is the debt accumulation that resulted after a decline of profit margins. Workers blame the Spanish group 'Dia' for the raising of "profit margins for them." This is the second collective dismissal in Guimarães within one month.
Eurofound (2015), Minipreço, Closure in Portugal, factsheet number 78221, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78221.