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General

Portugal Telecom cuts staff by 400 in H1

Thursday 15 August 2013 | 12:53 CET | News
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In the first half of the year, Portugal Telecom reduced its staff by 400 under its downsizing programme, with most of the cuts done in the second quarter. The downsizing cost the operator EUR 128 million in the first six months of 2013, according to information provided in its statement of the interim accounts. This means that, on average, each departing employee cost Portugal Telecom EUR 320,000.

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Categories: General
Companies: Portugal Telecom
Countries: Portugal
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