Technological advances make these functions redundant. 800 workers rescinded and 200 had already woken up to get out of MEO declined to comment.
Altice Portugal is cutting about 1,000 jobsor 16% From the workforce, as advances in artificial intelligence (AI) make some functions redundant, reported on Wednesday.
According to the financial agency, about 800 workers joined a contract termination program in July, which cites the president of the Altice Portugal Workers Union, Jorge Félix, adding to the 200 that they had already agreed out.
Bloomberg states that it contacted the official source of the owner of MEO, who refused to comment on the cuts of jobs in Portugal.
“We cannot deny that Altice needs to adapt to increased automation and AI,” said the union responsible in a telephone interview with Bloomberg. “It is also true that Altice has to cut costs and reduce debt, and that these measures also make the company more attractive to a possible buyer,” he added.
On August 29 last year, Altice Group Financial Administrator (CFO), Malo Corbin, dismissed the sale of MEO’s owner, but admitted that the group would continue to analyze opportunities, namely the sale of some Altice Portugal assets.
The telecommunications operator has invested in AI, in a market that increasingly bets on technology and more competitive with the, which has low cost offers.
Last year, Altice Portugal was preparing to be sold to a Saudi company, Saudi Telecom, but there was no agreement and negotiations ceased. , so, thus falls what It could be the biggest business of the year In Portugal-It is estimated that Altice could be sold to Saudi Telecom for 8 billion euros.
