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.
As part of the Strategic Plan for Transport, Metropolitano de Lisboa (Lisbon underground), will dismiss 364 of its 1664 employees. This number accounts for 22% of its workforce.
The dismissals are reported to take place during 2012. Metropolitano de Lisboa is also encouraging older workers to retire.
These redundancies are part of a larger restructuring process in Lisbon's transport sector. Other companies have announced redundancies adding up to about 2000 job cuts: Carris announced 635 redundancies (see here); CP - Combois de Portugal announced 725 job cuts (see here) and EMEF - Empresa de Manutenção de Equipamento Ferroviário announced 400 dimissals (see here).
Eurofound (2011), Metropolitano de Lisboa, Internal restructuring in Portugal, factsheet number 72849, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72849.