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.
Continente; Península de Setúbal; Península de Setúbal
Location of affected unit(s)
Montijo
Sector
(41 - 43) Construction 41 - Construction of residential and non-residential buildings 41 - Construction of residential and non-residential buildings 41 - Construction of residential and non-residential buildings
65 jobs Number of planned job losses
Announcement Date
17 February 2011
Employment effect (start)
1 February 2011
Foreseen end date
Description
Construction company Opway announced that it has initiated a collective dismissal procedure affecting 65 employees (of a total of 600). The job losses are blamed on the difficult market situation. The president of the company said that this measure is not going to endanger the company's operation in the short and medium term.
Sources
17 February 2011: Diário Económico
Citation
Eurofound (2011), Opway, Internal restructuring in Portugal, factsheet number 72011, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72011.
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