EMCC European Monitoring Centre on Change

STCP

Company/Organisation:
STCP

Geographic Location

Country: Portugal
Region: Grande Porto; Norte; Continente
Location of affected unit(s): Porto

Company

Sector: Transportation / storage
Transportation and storage
49.31 - Urban and suburban passenger land transport

Employment Effects

Announcement Date: 19-03-2012
Planned Job Reductions min: 150
Planned Job Reductions max: 190
Type of Restructuring: Merger/Acquisition
Employment Effect Start: 30-04-2012
Foreseen End Date: 31-12-2012

Additional Information

As part of the strategic plan for transport, the government intends to go ahead with the merger of Porto bus and tram operator STCP (Sociedade de Transportes Colectivos do Porto) and Metro do Porto (underground services) by April 2012. This process will lead to the loss of 150 to 190 jobs at STCP during 2012.

According to an official source of STCP, the job cuts are implemented through mutual agreement, disability or natural wastage.  At the end of 2011 the company had 1,318 employees, 11.8% less than in 2010.