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 President of the Executive Commission of the Portugal Telecom announced that the reduction of staff in the PT Communications will carry on in 2004, making between 1,500 and 1,600 additional workers redundant. The profits of the company had lowered by 13.1% in the nine first months of 2003, compared to the same period in 2002.
Eurofound (2003), PT - Portugal Telecom, Internal restructuring in Portugal, factsheet number 59725, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59725.