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.
Cash and carry chain Makro is to cut some 229 jobs in Portugal, affecting about 19% of its workforce, by the end of the year. In a first phase job cuts will be carried out by means of voluntary departures. The remaining ones will be cut through collective dismissals. The resizing of its ten stores is the main reason for the collective dismissal. Makro management claims it will offer more favourable compensations than the law requires. The company also will create an outplacement programme that will help workers to find a job. Health and life insurance coverage will remain active until the end of the year. This is the company's third collective dismissal in the last six years in Portugal.
Eurofound (2015), Makro, Internal restructuring in Portugal, factsheet number 78788, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78788.