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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
182 jobs Number of planned job losses
Announcement Date
29 January 2009
Employment effect (start)
1 February 2009
Foreseen end date
Description
Euronadel, which manufactures industrial needle makers, is to close its plant in Cascais, Portugal with the loss of 182 jobs. The closure was announced by the parent company Groz-Breckert Group. The German company said weak demand in the textile industry for its products are behind the decision. This closure will affect all 182 workers. The multinational company guarantees that the dismissed workers will receive compensation payments above the law.
Sources
29 January 2009: Público
Citation
Eurofound (2009), Euronadel, Closure in Portugal, factsheet number 68354, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68354.
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