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.
Vila Nova de Gaia (district of Porto), Ovar (district of Aveiro)
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.3 - Manufacture of air and spacecraft and related machinery
200 jobs Number of planned job creations
Announcement Date
1 August 2012
Employment effect (start)
1 January 2013
Foreseen end date
1 May 2013
Description
Salvador Caetano, SA, specialized in the manufacturing of aeronautical material, will create 200 jobs. The company will open a new plant to manufacture aeronautical material in partnership with Airbus Military, which will be operational until the end of 2012.
According to a source of the Ministry of Economy, the new plant will include a high-technology engineering unit in the municipality of Gaia, and a production line unit in Ovar, situated in the North and Center of Portugal, respectively.
The group Salvador Caetano is specialized in the vehicle assembly, components and distribution business.
Sources
1 August 2012: Negócios
1 August 2012: Público
Citation
Eurofound (2012), Salvador Caetano SA, Business expansion in Portugal, factsheet number 73956, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73956.
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