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.
Transportation / Storage Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49.41 - Freight transport by road
125 jobs Number of planned job losses
Announcement Date
29 December 2011
Employment effect (start)
29 December 2011
Foreseen end date
Description
Transportadora Nacional de Camionagem (TNC), a Portuguese road freight company, has filed for liquidation. Consequently, 125 workers will be made redundant. This is the result of TNC's creditors voting against the company's administration process and viability plan.
Over previous months the affected workers met with representatives of the Ministry of Economy several times to find alternative solutions. They also organized marches throughout Lisbon to protest against the redundancies.
Sources
14 July 2011: Diário de Notícias
3 December 2011: agencia Financeira
29 December 2011: Diario Digital
Citation
Eurofound (2011), Transportadora Nacional de Camionagem (TNC), Bankruptcy in Portugal, factsheet number 73263, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73263.
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