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 Wood And Paper Materials Manufacture Of Paper And Paper Products 17.23 - Manufacture of paper stationery
350 jobs Number of planned job creations
Announcement Date
10 March 2008
Employment effect (start)
Foreseen end date
31 December 2010
Description
The Portucel Soporcel Group, a Portuguese pulp and paper manufacturer, has announced that it is to create a new paper factory in Setubal creating 350 jobs for qualified workers. Another 1,700 will be created by the company’s suppliers. The Prime Minister underlined the importance of the new paper factory because of the investment of EUR 550 million and its impact in terms of increasing exports and job creation. The building of the factory will result in the creation of another 1,200 jobs. As of April 2008, there is no information whether a single or multiple employers will create the 1,200 new jobs for the construction of the site.
Sources
4 March 2008: Diário Económico
Citation
Eurofound (2008), Portucel Soporcel, Business expansion in Portugal, factsheet number 66458, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66458.
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