EMCC European Monitoring Centre on Change

Sampaio, Ferreira & Companhia Lda

Company/Organisation:
Sampaio, Ferreira & Companhia Lda

Geographic Location

Country: Portugal
Region: Norte; Continente
Location of affected unit(s): Riba de Ave - Famalicão

Company

Sector: Manufacturing
Manufacture of textiles, apparel, leather and related products
13.2 - Weaving of textiles
Number Employed: 250

Employment Effects

Announcement Date: 26-06-2003
Planned Job Reductions min: 118
Planned Job Reductions max: 118
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-07-2003
Foreseen End Date: 01-12-2003

Additional Information

The company 'Sampaio, Ferreira & Companhia Lda' was established in 1896. It was the first modern textile company of the 'Vale do Ave'. This is a lay-off case. The company decided to restructure because of the lack of orders and the world crisis. The lay-off starts in July and will finish in December 2003.