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

100 jobs
Number of planned job losses
Job loss
Announcement Date
14 May 2012
Employment effect (start)
31 May 2012
Foreseen end date
31 December 2012

Description

Cabovisão, a telecommunications company providing telephone, internet and television services, mostly in the district of Setúbal, has announced its plans to dismiss 100 of its workers through collective dismissals.

The company did not provide any official justification for its decision. However, the trade union representatives claim this is a measure to reduce costs. The unions are seeking help from the state officials to avoid the cuts.

Cabovisão currently employs 370 workers. It was bought by a French company Altice in February 2012.

The timeline of the restructuring is yet to be announced. 


Sources

  • 14 May 2012: Dinheiro Vivo

Citation

Eurofound (2012), Cabovisão, Internal restructuring in Portugal, factsheet number 73575, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73575.