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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14 - Manufacture of wearing apparel
150 jobs Number of planned job losses
Announcement Date
12 December 2017
Employment effect (start)
12 December 2017
Foreseen end date
Description
The textile company Gramax Internacional announced it will cut 150 jobs at its plant in Loures, which comprises 30% of the existing workforce. Main job reductions will fall in the unit that produces underwear and swimwear. Gramax' management stated that current orders are insufficient to keep the plant operational at a cost efficient level as there is not enough work for all employees. The Portuguese division reported a turnover in 2016 of €20 million. In 2016, Gramax employed 500 workers.
Sources
12 December 2017: Jornal de negocios
Citation
Eurofound (2017), Gramax, Internal restructuring in Portugal, factsheet number 93007, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93007.
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