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 Textiles 13 - Manufacture of textiles
150 jobs Number of planned job losses
Announcement Date
6 January 2005
Employment effect (start)
24 December 2004
Foreseen end date
6 January 2005
Description
The textile company Confecções Pacheco, manufacturing coats, announced its closure in Santo Tirso due to the debts accumulated towards the Ministry Finance, Social Security and the banks. The 150 workers affected by the closure of the company demand the payment of the Christmas subsidy, the days worked in December and the proportional subsidies taxes as required by law. The textile company was present in Portugal 29 years.
Sources
6 January 2005: Público
Citation
Eurofound (2005), Confecções Pacheco, Closure in Portugal, factsheet number 61001, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61001.
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