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 Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
120 jobs Number of planned job losses
Announcement Date
18 November 2008
Employment effect (start)
1 December 2008
Foreseen end date
Description
Seber, a pharmaceutical company based in Portugal, has closed with the loss of 120 jobs. The closure is based on a decision taken by the owners and took the employees by surprise, as the company had a stable financial and economic situation.
Besides the unit, locatedin Póvoa de Santo Adrião (in the surrounding of Lisbon) the warehouses owned by the company in Coimbra and Porto, as well as other services, were also closed.
This closure will affect more than 120 workers and the company will pay a compensation of one monthly wage per year of service (the amount required by law).
Sources
17 January 2009: Expresso
Citation
Eurofound (2008), Seber, Closure in Portugal, factsheet number 68360, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68360.
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