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, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18.12 - Other Printing
110 jobs Number of planned job losses
Announcement Date
16 October 2024
Employment effect (start)
16 October 2024
Foreseen end date
Description
Lisgráfica, responsible for printing newspapers and magazines such as Expresso and Visão, went bankrupt.
The company was already in a very difficult financial situation (debt of €79 million), after the court refused to approve the recovery plan, leading the company to close its doors. 110 workers will be affected by this bankruptcy process. Some of them had failed to receive two or three wage payments.
The company's difficulties were already ongoing, according to its report and accounts for the first half of 2023, which reported losses for that period and the previous year. At the time, the company's management argued that ‘the war in Ukraine continued to destabilise world markets and some distribution chains with an effect on the increase in energy prices and many raw materials essential to the company's activity’.
Eurofound (2024), Lisgráfica, Bankruptcy in Portugal, factsheet number 201810, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201810.
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