Restructuring events
European Restructuring Monitor (ERM)
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.
Portuguese phone number directory publisher Páginas Amarelas has announced a collective dismissal affecting 74 employees. 33 of the affected workers will leave the company through a mutual agreement and the remainder will quit by the end of February.
The management said that the "from Print to Online" business transformation process forced the company to reconsider its structure. Moreover, the economic change of the last two years has reduced the growth of new sources of income associated with the company's online offer.
In this context, the company moved forward with a restructuring with the dismissal of 74 employees, i.e. 18% of all employees. An outplacement service has been put in place to help redundant workers to find a new job.
Eurofound (2010), Páginas Amarelas, Internal restructuring in Portugal, factsheet number 72010, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72010.
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