Type
Bankruptcy
Country
Portugal
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail trade
47 - Retail trade

130 jobs
Number of planned job losses
Job loss
Announcement Date
24 August 2009
Employment effect (start)
Foreseen end date

Description

Singer, a North American multinational manufacturer of sewing machines, will close all its electrical appliances stores in Portugal, resulting in the dismissal of 130 employees. The company's management justified the measure with the lack of financial partners. Unitil recently, Singer had nearly 30 stores in Portugal. Some of these have already been sold, others remain open, but workers have not beenĀ paid since June. Singer's future will be decided after the court appointment of the insolvency administrator.


Sources

  • 24 August 2009: sic

Citation

Eurofound (2009), Singer, Bankruptcy in Portugal, factsheet number 69470, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69470.