EMCC European Monitoring Centre on Change

Cometna (Companhia Metalúrgica Nacional)

Company/Organisation:
Cometna (Companhia Metalúrgica Nacional)

Geographic Location

Country: Portugal
Region: Grande Lisboa; Lisboa; Continente
Location of affected unit(s): Odivelas

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.

Employment Effects

Announcement Date: 23-10-2003
Planned Job Reductions min: 161
Planned Job Reductions max: 161
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 01-10-2003
Foreseen End Date: 01-12-2003
Direct Dismissals: 161

Additional Information

Cometna, Companhia Metalúrgica Nacional, announced its closure. The measure will affect 161 workers on a collective basis. The measure is due to severe economic difficulties. In 2002, 150 workers were already made redundant.