Portugal - Financial participation of TAP-workforce - March 31, 2017

The government announced that it had approved the public offer for sale of 75,000 shares in the national airline, TAP, to its employees, at the price of €10.38 a share, saying that it expects the operation to go off well. TAP is to compile a list of the workers who fulfil the requirements to buy shares as part of the operation. The price of the shares on offer - which represents 5% of TAP's share capital - is at a discount of about 5% on the price at which the Atlantic Gateway consortium bought its shares in late 2014, at €10.93 each. Under the new model for TAP's privatisation agreed with the current government, which took office in November 2014, the consortium will have 45% of TAP.

English: http://www.theportugalnews.com/news/government-approves ... 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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