EMCC European Monitoring Centre on Change

V. Carneiro e A. Rafael

Company/Organisation:
V. Carneiro e A. Rafael

Geographic Location

Country: Portugal
Region: Norte; Continente
Location of affected unit(s): Vila Nova de Famalicão

Company

Sector: Manufacturing
Manufacture of textiles, apparel, leather and related products
13 - Manufacture of textiles
Number Employed: 140

Employment Effects

Announcement Date: 20-08-2003
Planned Job Reductions min: 140
Planned Job Reductions max: 140
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 01-08-2003
Foreseen End Date: 01-12-2003
Direct Dismissals: 140

Additional Information

The company V. Carneiro and Rafael is about to close, making 140 workers redundant. The reason is the lack of work and the economic crisis in Portugal.