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
320 jobs Number of planned job losses
Announcement Date
10 December 2005
Employment effect (start)
12 December 2005
Foreseen end date
31 December 2005
Description
The company Delphi will close its plant in Linhó. The company justified the measure by a lack of work. The measure will affect 320 workers, whose contracts will be terminated by mutual agreement. Delphi management will offer the dismissed employees 1.5 month wages per year of service. Delphi is installed in Portugal since 1980 and has five plants in Portugal (Braga, Guarda, Castelo Branco, Ponte de Sôr and Seixal). The company Delphi produces components for the automobile sector.
Sources
10 December 2005: Diário de Notícias
Citation
Eurofound (2005), Delphi, Closure in Portugal, factsheet number 62727, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62727.
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