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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
1,327 jobs Number of planned job creations
Announcement Date
19 September 2007
Employment effect (start)
Foreseen end date
Description
Ventinveste, consortium led by Galp Energia, has announced that it is to create 1327 jobs by developing eight wind power parks and an industrial "cluster" consisting of 15 manufacturing units. The new facilities are expected to produce 130 generators and 267 assemblies of turbines. This business expansion stems from the implementation of a contract signed between the Ventinveste consortium and the General Directorate of Energy and Geology ( Direcção Geral de Energia e Geologia – DGEG). The project involves a total investment of EUR 636 million over six years. As of September 2007, there is no information on when employment at the sites will commence and when the new jobs will be created by.
Sources
19 September 2007: Jornal de Notícias
Citation
Eurofound (2007), Ventineste, Business expansion in Portugal, factsheet number 65839, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65839.
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