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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
New offshoring locations
Romania
800 jobs Number of planned job losses
Announcement Date
29 June 2005
Employment effect (start)
1 July 2005
Foreseen end date
30 November 2005
Description
The American company Lear Corporation announced its closure in Póvoa de Lanhoso. The measure will affect 800 workers. The company justified the measure by severe economic difficulties and a lack of work related to the strong competition in the market. The company opted for a delocalisation to Romania to meet cheaper labour force. Lear is installed in Portugal since 1988 and has three plants in Portugal (Póvoa de Lanhoso, Vaedlongo and Palmela). The company produces components for the automobile sector.
Sources
29 June 2005: Correio da Manhã
Citation
Eurofound (2005), Lear Corporation, Offshoring/Delocalisation in Portugal, factsheet number 61827, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61827.
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