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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
409 jobs Number of planned job losses
Announcement Date
4 May 2017
Employment effect (start)
1 June 2017
Foreseen end date
Description
In January 2017, the Portuguese electrical equipment manufacturer Efacec applied for the legal status of 'company under restructuring' specifically for the divisions Efacec Energy and Efacec Engineering and Systems. This is expected to lead to the redundancy of up to 409 workers out of a total 2,000 people employed by Efacec in Portugal. Between 2017 and 2019, the management is set to terminate employment contracts under mutual agreement with 291 people at Efacec Engineering and Systems and 118 people at Efacec Energy.
Sources
4 May 2017: Dinheiro Vivo
Citation
Eurofound (2017), Efacec, Internal restructuring in Portugal, factsheet number 91314, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91314.
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