"Bipol Fashion closes and leaves 40 people without unemployment benefit", 9 September 2024

Bipol Fashion, a clothing company specialising in underwear, with premises in Rua da Caldeiroa, did not restart work this Monday after the holiday period, as planned.

According to information from the Textile Union of Minho and Trás-os-Montes, the management is going to submit the company to insolvency. Since Bipol closed its doors without terminating its labour ties, the workers will have to wait for a decision from the future manager to whom the insolvency proceedings will be distributed before they can access the unemployment fund.

Bipol closed for holidays on 16 August and was due to start working again this Monday, but most of the workers already knew that wasn't going to happen. Halfway through their holidays, the employees were surprised by a note from the management announcing the decision to close the company, with ‘sadness and regret’.

In this communication, the management states that the company ‘has been going through a period of great economic difficulties’ motivated, among other reasons, by ‘the lack of orders, the cost of production factors and the tax burden’.

[Translation via DeepL]