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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.51 - Manufacture of cement
150 jobs Number of planned job losses
Announcement Date
15 February 2013
Employment effect (start)
17 February 2013
Foreseen end date
Description
Cimpor - Cimentos de Portugal, the largest Portuguese cement manufacturer, announced that 150 employees will be made redundant. 90% of the redundancies will go ahead through early retirement.
The job losses are due to the unfavourable market condition, since there has been a decrease in cement sales by 70% between 2001 and 2012. In October 2012, 60 workers had to leave the company.
A member of the Cimpor’s works council said that this restructuring plan will mostly affect workers aged over 58 years old.
Sources
15 February 2013: tsf
Citation
Eurofound (2013), Cimpor, Internal restructuring in Portugal, factsheet number 74978, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74978.
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