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.
The company Alberto Sousa, Lda, owner of the Eureka brand, dismissed 150 workers and announced that it will declare insolvency. The documentation required for the unemployment benefit was not provided by the employer. The company had already announced the closure of 13 stores in Portugal, but did not announce the closure of the factory, located in Vizela.
The company is preparing to present insolvency for economic reasons.
The Union of Footwear of Minho and Trás-os-Montes has already made a complaint to the Authority for Working Conditions.
About two years ago, the financial difficulties of Alberto Sousa, Lda were known: debts amounting to €22 million and 622 creditors led the company to a Special Revitalization Process.
Eurofound (2020), Alberto Sousa, Lda, Bankruptcy in Portugal, factsheet number 99856, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99856.