Type
Closure
Country
Portugal
Region
Continente; Norte; Minho-Lima
Location of affected unit(s)
Braga
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20 - Manufacture of chemicals and chemical products

103 jobs
Number of planned job losses
Job loss
Announcement Date
21 June 2007
Employment effect (start)
21 June 2007
Foreseen end date

Description

After 39 years of activity, Companhia de cartões do Cavado, a manufacturer of special compact cards for several uses, announced the closure of its factory in Braga on 21 of June. The reason given for the closure is the high level of debts the company has incurred in and the impossibility of having access to external capital to make the activity feasible. The closure will affect 103 workers.


Sources

  • 22 June 2007: Jornal de Notícias

Citation

Eurofound (2007), Companhia de cartões do Cavado, Closure in Portugal, factsheet number 65530, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65530.