Portugal: National airline TAP starts collective redundancy; 124 jobs to go

TAP, Portugal’s national airline, has begun to implement a collective redundancy process as part of the restructuring required by the European Union for it to receive state aid to cope with the crisis causes by the pandemic, with 124 employees set to lose their jobs, the company announced on Thursday.

In a statement, TAP said that the figure number represents “a very significant reduction (94 percent less) compared to the 2,000 employees estimated in February to be included in the labour resizing process required by TAP’s Restructuring Plan, which is being assessed by the European Commission.

“This reduction in the number of workers identified for collective dismissal is the result of an extraordinary effort that included the signing of Temporary Emergency Agreements with all the Unions, terminations by mutual agreement with financial compensation above that legally required, as well as applications for vacancies available at Portugália, among other measures,” the company stresses.

TAP is now controlled by the Portuguese state, after the private consortium that previously had management control bowed out.