NOS starts restructuring process and announces redundancies round

Portugal’s telecoms company NOS – which is held by Sonae – has begun a major restructuring process that will involve a round of redundancies.

Some staff had been informed this week that their contract was to be terminated and this included directors and middle managers.

NOS ended 2024 with 1,827 employees, a number that will now be reduced. NOS has neither commented about the job losses or how many people are affected.

The restructuring process begins three months after the announcement of the purchase of Claranet Portugal for €152 million and the complete acquisition of the technology company’s capital, which took place on March 17. José Koch Ferreira also left the position of CFO in early April, having been replaced by Luís Nascimento at the last meeting.

The operator has been diversifying its portfolio in recent months, having acquired a 20% stake in the Portuguese company DareData.