Collective dismissals record the highest number since the time of the Troika (and it will get worse)

by Andrea
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Collective dismissals record the highest number since the time of the Troika (and it will get worse)

(dr) Coindu

Collective dismissals record the highest number since the time of the Troika (and it will get worse)

In one year, the jump was almost 40%. 2024 has already overcome the pandemic in this regard, and the future is not bright for the Portuguese. The problems are getting worse for the manufacturing industry and commerce. And the women.

Officials from the General Directorate of Employment and Labor Relations (DGERT), supervised by the Ministry of Labor, show a discouraging scenario in Portuguese companies: by October, they had already been the target of collective dismissal 40% more people than last year.

But, worse than that, comparing the first 10 months of 2024 with the same period of 2023, the value of collective layoffs soared by 82%, as pointed out by .

From the beginning of the year until the end of October, companies intended to lay off 5,253 workers, having effectively laid off 4,959 people.

In 2020, the worst year since the days of the Troika, 7,513 employees were laid off. However, it indicates the DN, it will be easy for Portugal to reach the 8,000 markas there were several factory closures across the country. If so, 2024 will surpass the year of the Troika, 2013, and the year of the pandemic, 2020.

According to DGERT, 77% of cases of collective dismissals (315) originated in micro, small and medium-sized companies (SME). More than half of those laid off are women. The Lisbon and Tagus Valley region has the most occurrences (213), followed by the north of the country, with 123.

Armindo Monteiropresident of the Portuguese Business Confederation (CIP) commented to Lusa on the DGERT data. It says that “the Franco-German axis is showing signs of fatigue“, referring to the political and, consequently, economic crises that are shaking both countries. The scenario for the Portuguese economy.

The two sectors most affected by collective layoffs will be manufacturing industry, responsible for 27% of collective dismissals this year, and the businesswhich holds a 23% share. Together, these two sectors account for half of the total number of collective redundancies.

Still in November, the car components manufacturer Coindu, in Arcos de Valdevez, made 350 people unemployed. It’s just one of several examples of factory closures this year.

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