The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
(61 - 63) Information / Computing 61 - Telecommunication 61.1 - Wired, wireless, and satellite telecommunication activities 61.10 - Wired, wireless, and satellite telecommunication activities
800 - 1,000 jobs Number of planned job losses
Announcement Date
6 August 2025
Employment effect (start)
6 August 2025
Foreseen end date
Description
The Luxembourg-based telecommunication company Altice will cut around 1,000 jobs of its Portuguese subsidiary constituting about 16% of its workforce, due to a refocus on artificial intelligence and automation of processes.
According to the union, 800 employees joined the voluntary redundancy scheme in July and a further 200 had already left via a similar scheme, in a restructuring process aimed at reducing costs and debt while making the company more attractive to potential buyers. The company justified this move in light of the increased low-cost competition, particularly from Digi, which recently entered the Portuguese market.
The company is the largest telecommunication service provider in Portugal and currently employs a total of 10,701 employees.
Eurofound (2025), Altice, Internal restructuring in Portugal, factsheet number 203240, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203240.
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