SONAE

Type
Business expansion
Country
Portugal
Region
Continente; Norte; Cávado
Location of affected unit(s)
Braga
Sector
Wholesale / Retail
47 - Retail trade
47.1 - Non-specialised retail sale
47.1 - Non-specialised retail sale
237 jobs
Number of planned job creations
Job creation
Announcement Date
17 March 2016
Employment effect (start)
17 March 2016
Foreseen end date

Description

Sonae opens the new store "Continente"in Braga. The opening of this new store created 237 jobs.133 of  the newly created positions have been filled by candidates who were looking for their first job. The new store is part of the shopping centre "New Arcade", it represents an investment of EUR 30 million and it is a partnership between Sonae Sierra and Ikea.

Sources

  • 17 March 2016: Negócios

Citation

Eurofound (2016), SONAE, Business expansion in Portugal, factsheet number 86862, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86862.