EMCC European Monitoring Centre on Change

PT - Portugal Telecom

Company/Organisation:
PT - Portugal Telecom

Geographic Location

Country: Portugal
Region: Continente

Company

Sector: Information / communication
Telecommunications
61 - Telecommunications
Number Employed: 23109
Group: PT - Portugal Telecom

Employment Effects

Announcement Date: 25-06-2003
Planned Job Reductions min: 1000
Planned Job Reductions max: 1000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-06-2003
Foreseen End Date: 01-09-2003

Additional Information

The PT-Portugal Telecom groupe is going to reduce 1000 jobs. The reasons of the restructuring are not known. The restructuring will be done through voluntary leaves. In 2003, 1500 workers have left. The reduction will continue in 2004.