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.
Portugal Telecom (PT) announced a restructuring plan affecting 1,500 workers by the end of 2005, through early retirement measures. The cost of this restructuring plan represents about 300 million euros. By July 2004, 500 workers will be dismissed. The rest of the redundancies will be effective before end 2005.
Eurofound (2004), PT - Portugal Telecom, Internal restructuring in Portugal, factsheet number 60357, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60357.