Latest news and stories about telecommunications in work in Portugal for expats and residents.
Telecommunications operator Meo has secured an additional 250 million euros in funding. The company justified the move by citing insufficient cash flow to cover debt interest and lower productivity compared to market competitors, despite simultaneously planning a 30% reduction in its workforce.
Altice-owned operator Meo has secured government approval for restructuring status, paving the way for the potential departure of 1,200 employees by year-end.
The Altice Group Workers' Union in Portugal (Stpt) advocated this Monday for better salary conditions and transparent career paths at Altice Portugal and its subsidiaries, stating that wages 'remain relatively below' those of more developed European competitors. 'Telecommunications are one of the pillars of the Portuguese economy. It is the workers who ensure the daily operation...'
Ana Figueiredo has been CEO of Meo for four years as of April, and acknowledges that when she arrived, she found a company with an organisational model similar to the one that existed when she left Portugal. Therefore, “the main decision was to embark on a process of organisational transformation. And not just organisational transformation, as an operational model, but also of...
The telecommunications operator requested restructuring company status from the Government, which was granted. Additionally, canoeist Fernando Pimenta won a bronze medal at the European Championships this morning.
The company requested restructuring status last year and saw the application approved by the Ministry of Labour, Solidarity and Social Security in January.
This is part of the telecommunications operator's internal transformation programme.
Meo employees will receive a 2.5% base salary increase, with a guaranteed minimum of 970 euros per month starting July 1st, according to a joint statement from representative unions. The agreement includes 24 days of annual leave, December 31st as a general day off, and increases to meal and breakfast allowances. Unions noted that while the deal is limited given the cost of living, it exceeds the company's initial offer. They also plan to request a commitment from CEO Ana Figueiredo to reopen negotiations if inflation rises significantly. Separately, Meo stated that full restoration of the fixed network following recent storms is expected by April 30th.
The president of the Business Association of the Leiria Region (Nerlei) stated this Monday that the telecommunications issue is still not resolved and that “hundreds of companies continue to operate using Starlink and other competitors.” “Companies have communications, but not through their usual provider, meaning they are functioning...”
Nuno Nunes was removed from the Meo board, and his employment contract was also terminated. The workers' committee opposes the decision. His replacement worked at the former PT until 2014.
