TAP extends lay-off until end of June

The airline confirmed on Friday that it has extended the application of the measures to temporarily suspend the provision of work and to reduce the normal period of work for another 30 days.

TAP's board of directors informed this Friday that it has extended the application of the measures to temporarily suspend the provision of work and to reduce the normal working period for another 30 days, a period between June 1 and June 30, 2020 .

In a statement sent to the Securities Market Commission (CMVM), the air carrier confirmed the news advanced by the Lusa agency, which had had access to a internal information transmitted to workers, in which the company states that all employees will be informed individually about the “modality that will be applied to them” in the extension of the lay-off and that “everything will be done to protect the jobs, health and safety of the TAP family”, as well as “the recovery, sustainability and future of the company”.

“These specific measures are in addition to the already announced control and cost reduction initiatives, including the suspension or postponement of non-critical investments, renegotiation of contracts and payment terms, cut of ancillary expenses, suspension of hiring of new workers and progressions and the implementation of temporary unpaid license programs, which continue to be implemented ”, explains TAP, in the note published by the CMVM.

TAP risks restructuring and dismissals with request for aid from Brussels

Recommended

Army buys 19 Covid-XNUMX tests from a company specializing in the manufacture of soft toys

Responsible for Wild Planet ensures that direct adjustments were made “by the normal governmental marketing channels, with the products being awarded taking into account the price and, above all, the delivery times”. Army highlights that tests and FFP2 masks for forces deployed outside the national territory fulfill all requirements.

Carlos Barroca: “It doesn't matter if you have a budget of 10 million, 1 million or 100 thousand euros. There has to be vision ”

With the domestic market saturated, it is unanimous that the Portuguese League should start an internationalization process, taking advantage of the fact that Portugal has formed some of the best talents in the world and still boasts the title of champion of Europe. In an interview with JE, Carlos Barroca leaves some advice so that the League can win fans around the world.

"30 to 3". Montepio Crédito debates economic challenge of the automotive retail

This Monday, the 25th, at 11 am, "30 to 3" devotes special attention to the Automotive Retail sector. In a conversation moderated by the deputy director of Jornal Económico, Shikresh Laxmidas, Pedro Gouveia Alves, president of Montepio Crédito discusses this topic with industry players.
Comments