Textile worker bought factory for 1euro

Conceição Pinhão bought the textile factory “Afonso - Produção de Vestuário” in witch she used to work for one euro. After the two former German owners deserted the factory in a frustrated attempt to move production to an Eastern European Country, Mrs. Pinhão assumed control (29 of November 2004). Today in a public conference she announced that until now they had never experience problems in getting orders and that the only wages still on holdup were the Christmas bonuses but they will have that situation resolved in the very near future.

Tags: Portugal, euro, money, Factory