EMCC European Monitoring Centre on Change

Cardoso e Companhia

Cardoso e Companhia

Geographic Location

Country: Portugal
Region: Beira Interior Norte; Centro (P); Continente
Location of affected unit(s): Castelo Branco


Sector: Manufacturing
Manufacture of textiles, apparel, leather and related products
13 - Manufacture of textiles
Number Employed: 170

Employment Effects

Announcement Date: 01-06-2004
Planned Job Reductions min: 170
Planned Job Reductions max: 170
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 01-06-2004
Foreseen End Date: 31-12-2004
Direct Dismissals: 170

Additional Information

The textile company Cardoso e Companhia will close its plant in Castelo Branco due to the debts it has accumulated towards the Finance Ministry and the Social Security. This closure will affect 170 workers.