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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.30 - Manufacture of communication equipment
300 jobs Number of planned job losses
Announcement Date
16 January 2012
Employment effect (start)
16 January 2012
Foreseen end date
31 December 2012
Description
Telecom equipment manufacturer Tegael announced the closure of the plant in Coruche which will result in the dismissal of 300 employees in 2012. In the last two months of 2011, the company already dismissed 100 employees: 70 through collective dismissals and 30 through individual processes. According to the Executive Board the closure is related to the crisis. The union was informed about the intention to close the plant, but it questions the arguments put forward by the executive board. Its closure raises great worries among the local authorities as Tegael is the main employer in the town.
Sources
16 January 2012: Rádio Renascença
Citation
Eurofound (2012), Teagel, Closure in Portugal, factsheet number 73410, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73410.
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