Restructuring

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 [...]

The Portuguese telecoms company NOS is forging ahead with a restructuring plan that could involve job losses. According to Bloomberg, the company is undergoing a change in organisational [...]

The Portuguese broadcaster RTP plans to offer voluntary early retirement packages to 250 staff as part of a restructuring plan. But the plan can only go forward if the government gives the green [...]

Farfetch, the former Portuguese online luxury retail unicorn bought out by South Korea’s Coupang, is to wind up its operations centre in Matosinhos at the end of this month. The company had [...]

The Portuguese transport and electrical systems company EFACEC is to close down business areas that are not profitable and consider mass redundancies. The company was sold by the government in [...]

The President of Portugal’s enterprise association AEP has warned that several companies have left the consortiums leading cutting-edge modernisation and reconstruction projects deemed important [...]

Portugal must channel EU structural funds to modernise its companies in specialised, high-tech production if it wants to attract highly qualified jobs and professionals to do them. This was the [...]

Some 80% of bank workers at one of Portugal’s largest commercial banks, Millennium bcp, have accepted an amicable recision agreement which will see 760 staff go as part of the company’s [...]