Restructuring events
European Restructuring Monitor (ERM)
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.
The Luxembourg-based telecommunication company Altice will cut around 1,000 jobs of its Portuguese subsidiary constituting about 16% of its workforce, due to a refocus on artificial intelligence and automation of processes.
According to the union, 800 employees joined the voluntary redundancy scheme in July and a further 200 had already left via a similar scheme, in a restructuring process aimed at reducing costs and debt while making the company more attractive to potential buyers. The company justified this move in light of the increased low-cost competition, particularly from Digi, which recently entered the Portuguese market.
The company is the largest telecommunication service provider in Portugal and currently employs a total of 10,701 employees.
Eurofound (2025), Altice, Internal restructuring in Portugal, factsheet number 203240, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203240.