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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13 - Manufacture of textiles
New offshoring locations
Various EU Locations
176 jobs Number of planned job losses
Announcement Date
16 July 2015
Employment effect (start)
31 July 2015
Foreseen end date
31 December 2015
Description
The textile manufacturer Tovartex, which is part of the Falke group, is to close its plant in Ovar and relocate production to Eastern European countries. According to the president of the municipality of Ovar (based on the information given by Tovartex management), this process will lead to the collective dismissal of 176 workers. Additionally, the vice president of the municipality has indicated his "openness to the elaboration of a benefit framework that would allow Tovartex to continue their business in the county." The company confirmed the collective dismissal to the media, but did not comment how many employees will be made redundant.
In July, a debate was launched in the Parliament regarding this collective dismissal. According to the Left Bloc party, the company already has announced its intention to workers and by the end of 2015 the plant in Ovar will be closed.
The company has been operating in Ovar since 1981. In 2004 it had about 700 employees. The workforce was reduced to 550 in 2011.
Sources
16 July 2015: Económico
Citation
Eurofound (2015), Tovartex, Offshoring/Delocalisation in Portugal, factsheet number 84282, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84282.
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