The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Motion Picture, Video And Television Programme Production, Sound Recording And Music Publishing Activities 59 - Motion Picture, Video And Television Programme Production, Sound Recording And Music Publishing Activities
150 - 200 jobs Number of planned job losses
Announcement Date
13 December 2023
Employment effect (start)
20 December 2023
Foreseen end date
31 January 2024
Description
The Global Media Group (GMG) is under a internal restructuring process and has implemented a mutual agreement termination programme for workers of Global Notícias, Rádio Notícias, Notícias Direct, Naveprinter, Açormedia and RCA.
Workers aged up to 61, with an open-ended contract, for more than 12 months, are eligible for the programme. Compensations will be spread over 18 months. A total of 150 to 200 workers will be covered by the restructuting process.
According to the administration the restructuring process is a urgent measure to avoid the insolvency of the group.
The deadline for workers to express their interest in the mutual agreed termination programme is 20 December 2023. After the validation of the administration, workers will leave by 31 of January 2024.
Eurofound (2023), Media Group, Internal restructuring in Portugal, factsheet number 200649, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200649.
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