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 - Manufacture of other non-metallic mineral products
130 jobs Number of planned job creations
Announcement Date
9 March 2015
Employment effect (start)
10 March 2015
Foreseen end date
31 December 2015
Description
Valadares Ceramics will reopen after three years of closure. The company was saved from liquidation by former employees and new investors, such as banking, Social Security and financial investments in the municipality. New investors intend to inject EUR 1.2 million over the next five years. At this time, the company has 45 employees and will hire a total of 130 persons by the end of the year. The Valadares Ceramics will be in the name of former workers.
Sources
9 March 2015: Rádio Renascença
9 March 2015: TSF online
Citation
Eurofound (2015), Cerâmica Valadares, Business expansion in Portugal, factsheet number 78740, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78740.
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