Type
Internal restructuring
Country
Portugal
Region
Continente; Norte; Grande Porto
Location of affected unit(s)
Porto
Sector
Transportation / Storage
Warehousing And Support Activities For Transportation, Postal And Courier Activities
Warehousing And Support Activities For Transportation
52.2 - Support activities for transportation

120 jobs
Number of planned job losses
Job loss
Announcement Date
7 December 2010
Employment effect (start)
Foreseen end date

Description

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.


Sources

  • 7 December 2010: Jornal de Notícias

Citation

Eurofound (2010), Sociedade de Transportes Colectivos do Porto, Internal restructuring in Portugal, factsheet number 72012, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72012.