Corticeira Amorim

Type
Internal restructuring
Country
Portugal
Region
Continente; Norte; Área Metropolitana do Porto
Location of affected unit(s)
Santa Maria da Feira
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
193 jobs
Number of planned job losses
Job loss
Announcement Date
3 February 2009
Employment effect (start)
Foreseen end date

Description

The Corticeira Amorim, a family-run firm producing cork for the wine industry, has announced the collective dismissal of 193 employees. According to the cork trade union delegate the workers were surprised because they thought the company was in a good financial situation. The collective dismissals will affect 75 workers in the cork stopper production unit and 118 in the composite pallet unit. The job losses are attributed to a decrease in demand resulting from the worldwide economic downturn affecting both the production of composite pallets and cork stoppers.

Sources

  • 3 February 2009: tsf

Citation

Eurofound (2009), Corticeira Amorim, Internal restructuring in Portugal, factsheet number 68355, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68355.