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.
Manufacturing (28) Manufacture of machinery and equipment 28 - Manufacture of machinery and equipment n.e.c. 28 - Manufacture of machinery and equipment n.e.c.
161 jobs Number of planned job losses
Announcement Date
23 October 2003
Employment effect (start)
1 October 2003
Foreseen end date
1 December 2003
Description
Cometna, Companhia Metalúrgica Nacional, announced its closure. The measure will affect 161 workers on a collective basis. The measure is due to severe economic difficulties. In 2002, 150 workers were already made redundant.
Sources
23 October 2003: Público
Citation
Eurofound (2003), Cometna (Companhia Metalúrgica Nacional), Closure in Portugal, factsheet number 59265, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/59265.