Coindu makes 50% of staff redundant in two years
Coindu, a Portuguese company that has produced upholstery for the automotive industry in Arcos de Valdevez near Viana do Castelo (now closed) and Joana near Vila Nova de Famalicão (Braga) has [...]
US technology company Bitsight slashes 54 jobs in Portugal and replaces them with AI
Boston-based tech firm Bitsight has undertaken a restructuring of its team in Portugal where it has its European base, replacing some of its operations in the cybersecurity area by an AI tool, [...]
Corticeira Amorim closes Silves factory
Cork giant Corticeira Amorim announced on Wednesday that it would close its factory Amorim Cork Solutions in Silves. The 31 employees have been informed and given the opportunity to move 200km to [...]
Mass redundancies up 22% in worst year since 2014
The number of companies in Portugal making mass redundancies in the first two months of 2025 had risen 22% like-for-like on 2024 to 1,204 employees – the highest number since 2014 when the [...]
Redundancy of 250 RTP staff was suggested by board
A voluntary redundancy programme for up to 250 RTP State broadcaster employees was suggested by the company’s Board of Directors, the Parliamentary Affairs Minister Pedro Duarte said in [...]
