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.
Public Transport Company of Porto (STCP) is to dismiss 120 workers throughout 2011 in a bid to cut costs. The redundancies will mainly affect the administrative staff. The Works Council representative informed that mutual agreement on the restructuring has been reached.
Eurofound (2010), Sociedade de Transportes Colectivos do Porto, Internal restructuring in Portugal, factsheet number 72012, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72012.