Type
Internal restructuring
Country
Portugal
Region
Continente;
Location of affected unit(s)
Portugal
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Civil Engineering
42 - Civil engineering

273 - 300 jobs
Number of planned job losses
Job loss
Announcement Date
5 October 2015
Employment effect (start)
5 October 2015
Foreseen end date

Description

Portuguese construction company Somague, owned by the Spanish group Sacyr Vallehermoso, is to dismiss 273 workers in Portugal. The workers have already been informed about the collective dismissal. The management has attributed the restructuring to the reduction of the activity in international and national market. In 2014, Somague employed 980 workers in Portugal (2,330 around the world).


Sources

  • 5 October 2015: Económico

Citation

Eurofound (2015), Somague, Internal restructuring in Portugal, factsheet number 84978, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84978.