Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Autoeuropa VW's car manufacturer located in Palmela, Portugal will reduce its workforce until 2023. The decrease of the expected production in 2022 is the main reason pointed out for this decision (a reduction of 53,000 vehicles compared to 2021).
The administration already has a voluntary termination programme in place, which led to a voluntary termination of approximately 70 employees. In addition, some employees may be reassigned to different roles or locations within the company. Despite the number of terminations is not yet defined, the drop in production could put at risk up to 900 jobs.
Eurofound (2022), Autoeuropa, Internal restructuring in Portugal, factsheet number 106282, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/106282.
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