Type
Internal restructuring
Country
Portugal
Region
Continente;
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

1,000 jobs
Number of planned job losses
Job loss
Announcement Date
25 June 2003
Employment effect (start)
1 June 2003
Foreseen end date
1 September 2003

Description

The PT-Portugal Telecom groupe is going to reduce 1000 jobs. The reasons of the restructuring are not known. The restructuring will be done through voluntary leaves. In 2003, 1500 workers have left. The reduction will continue in 2004.


Sources

  • 25 June 2003: Diário Económico

Citation

Eurofound (2003), PT - Portugal Telecom, Internal restructuring in Portugal, factsheet number 59752, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59752.