"Textile company in Barcelos closes and throws 30 workers into unemployment", 17 April 2024

Malhas GM, a textile company in Barcelos with over 40 years of history, closed its doors on Monday, leaving 30 people without a job...

...the factory, located on Avenida Central in Tamel São Veríssimo, filed for insolvency and was no longer working on Monday, when a meeting was held with the management and workers.

The employees have all their salaries up to date and have been given easier access to the unemployment fund.

The company had already been experiencing difficulties, with a drop in orders in recent months.

Since mid-March, Malhas GM has only been working at 50 per cent capacity, with half of the employees on layoff...

[Translation via DeepL]