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 Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
400 jobs Number of planned job creations
Announcement Date
8 November 2016
Employment effect (start)
Foreseen end date
31 December 2017
Description
Ria Blades, a company that produces wind turbines, will invest €16 million in its unit situated in Vagos, in the north of Portugal. This will be the fourth expansion of the company in Portugal, which currently employs 1,100 workers. With this expansion, 400 new jobs will be created during 2017. According to the Mayor of Vagos, this expansion reinforces the importance of investments of this nature and shows that the population of the municipality has increased in the last 15 years.
Sources
8 November 2016: RTP Noticias
Citation
Eurofound (2016), Ria Blades, Business expansion in Portugal, factsheet number 89133, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89133.
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