EMCC European Monitoring Centre on Change

Yazaki Saltano

Company/Organisation:
Yazaki Saltano

Geographic Location

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

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Number Employed: 2235
Group: Yazaki Saltano

Employment Effects

Announcement Date: 07-04-2008
Planned Job Reductions min: 400
Planned Job Reductions max: 400
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 30-04-2008
Foreseen End Date: 30-04-2008
Direct Dismissals: 400

Additional Information

Yazaki Saltano, a Japanese multinational that produces vehicle cables and, has two units and one technical center in Portugal, employing 2235 workers, announced the closure of the Vila Nova de Gaia factory. The decision is justified by the end of production of car components in a global contex of pressure for costs reduction. Yazaki Saltano managed to place 60 workers from the Vila Nova de Gaia factory in two new units of the internal business but did not find any valid alternatives for the remaining 400 workers. The Logistics Direction , Financial, Human Resources, Systems & Information Technologies and the PTC will remain in Gaia. The company has an agreement with IEFP - Institute for Employment and Vo cational Training (Instituto de Emprego e Formação Profissional, IAPMEI - Instituto de Apoio às Pequenas e Médias Empresas e à Inovação (Institute of Support to Small and Medium Companies and innovation) and Instituto de Segurança Social (Social Security Institute) to create a 'support plan' for its workers in order to help them find a new job or create their own enterprise. The Industry and energy national trade union (SIDEL) is studying, in partnership with the company, measures that will minimize the impact on the workers affected by the dismissal process. Yazaki Saltano already announced that it will offer severance terms beyond those required by the law.