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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Food, Beverages And Tobacco In Specialised Stores 47.24 - Retail Sale Of Bread, Cakes, Flour Confectionery And Sugar Confectionery In Specialised Stores
600 jobs Number of planned job creations
Announcement Date
3 November 2024
Employment effect (start)
1 January 2025
Foreseen end date
31 December 2028
Description
Portuguese bakery chain Padaria Portuguesa has a three-year growth strategy that includes the opening of 40 new outlets in Lisbon and Porto.
This expansion plan anticipates the creation of 600 new jobs by 2028. In that year the company will have 1,600 workers.
The company's revenue is projected to reach €44 million in 2024.
Padaria Portuguesa will initiate a benefits package to enhance the team's working conditions as early as 2025. The company has allocated health insurance to all the company's permanent workers, including those working in stores, factories, support teams and the logistics center.
Eurofound (2024), Padaria Portuguesa, Business expansion in Portugal, factsheet number 202075, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202075.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
