EMCC European Monitoring Centre on Change

Baiona

Company/Organisation:
Baiona

Geographic Location

Country: Portugal
Region: Grande Porto; Norte; Continente
Location of affected unit(s): Porto

Company

Sector: Manufacturing
Manufacture of textiles, apparel, leather and related products
13 - Manufacture of textiles

Employment Effects

Announcement Date: 12-10-2003
Planned Job Reductions min: 200
Planned Job Reductions max: 200
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 01-09-2003
Foreseen End Date: 01-10-2003
Direct Dismissals: 200

Additional Information

The textile company Baiona declared bankruptcy due to severe economic difficulties. 200 workers were made redundant without being paid in September 2003.