EMCC European Monitoring Centre on Change

TAP Portugal

Company/Organisation:
TAP Portugal

Geographic Location

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

Company

Sector: Transportation / storage
Transportation and storage
51.10 - Passenger air transport
Group: TAP, SGPS, S.A.

Employment Effects

Announcement Date: 04-11-2020
Planned Job Reductions min: 1600
Planned Job Reductions max: 1600
Type of Restructuring: Internal restructuring
Employment Effect Start: 04-11-2020
Foreseen End Date: 31-12-2020

Additional Information

TAP, SGPS, S.A., the Portuguese airline group will cancel some aircraft orders and negotiate the return of some units. As part of its restructuring plan, the group Tap will dissmiss 1,600 workers from different sectors until the end of the year. 

The company is now negotiating with unions, after the conclusion of the first phase of the restructuring plan. The main reason given is related to the company's overdimension in relation to the current COVID-19 crisis in the sector.

 

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