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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
130 jobs Number of planned job losses
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 been 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.
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