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
180 jobs Number of planned job losses
Announcement Date
13 December 2005
Employment effect (start)
13 December 2005
Foreseen end date
31 December 2005
Description
The textile company Confecções Corgo announced its closure in Vila do Conde due to the debts accumulated towards the Ministry of Finance, Social Security and the workers. The 180 workers affected by the closure of the company demand the payment of the October and November wages, Christmas subsidy and vacation benefit. The company was on hold since November 2005 due to the lack of work.
Confecções Corgo is established in Portugal since 1979.
Sources
13 December 2005: Público
Citation
Eurofound (2005), Confecções Corgo, Closure in Portugal, factsheet number 62726, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62726.
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