Download AMAN Application from Apple store and Google play                                Follow us on : Twitter - Facebook - YouTube - Instagram

STATUTES GENERAL ASSEMBLY SECRETARY GENERAL CONTACTS Follow us on Twitter Follow us on Facebook Follow us on Instagram
Daily News
MedNEWS HOME
CNA - ECOFIN to approve Cyprus’ €1.2 billion Recovery and Resilience Plan on Monday
CNA-Nicosia-The European Finance Ministers will approve Cyprus €1.2 billion Recovery and Resilience Plan in a scheduled videoconference to be held...
NNA - الرسام جيوفاني باسيل يرسم أكبر علم لبناني بالطبشور
وطنية-قام الرسام اللبناني جيوفاني باسيل، برسم أكبر علم لبناني بالطبشور، بمساحة 200 متر مربع، (بطول 20 مترا وعرض 10 أمتار و4 آلاف طبشورة) والذي يحضره للدخول لموسوعة غينيس للارقام القياسية،...
NNA - Lebanese Baccalaureate official exams kick off
NNA-The Lebanese Baccalaureate official exams have kicked off in all governorates on Monday amid stringent security measures in the vicinity...
NNA - وزارة الصحة :844 إصابة جديدة وحالة وفاة
وطنية - أعلنت وزارة الصحة العامة في تقريرها اليومي تسجيل 844 إصابة جديدة بفيروس كورونا رفعت العدد التراكمي للحالات المثبتة الى 555302، كما تم تسجيل حالة وفاة.
NNA - Health Ministry: 844 new Corona cases, one death
NNA–In its daily report on the Coronavirus developments,the Ministry of Public Health announced on Sunday the registration of 844new Corona...
NNA - Ministère de la Santé Publique : 844 nouveaux cas au coronavirus
ANI- Le ministère de la Santé Publique a annoncé dimanche le recensement de 844 nouveaux cas confirmés au coronavirus Covid-19...
Lusa - Business News - Portugal: TAP's survival depends on strict implementation of restructuring - CEO




Lisbon, June.21,2021(Lusa) - The interim chief executive of Portuguese flag-carrier TAP, Ramiro Sequeira, said goodbye to the group's workers today, stressing that the company's survival will depend on the "rigorous implementation" of the restructuring plan.

In an email sent to workers, which Lusa had access to ahead of Thursday's general meeting that is expected to approve TAP's new Board of Directors, Ramiro Sequeira said that "the next chapter - the strict implementation of the restructuring plan -, is vital for TAP's survival."

"Referring to a film, which I leave you here, it is the 'centimetre' that we will all have to fight for in the coming years. And, my dear ones, 'either we unite as a team, or we die as individuals'," the email said.

In the week in which he ends his duties, the manager says he has experienced "huge, complex and tough challenges these past few months", challenges that, by impacting thousands of other people, have become a mission "in a company that needed a face and leadership to move forward in the context of the pandemic, draw up the restructuring plan, prepare for the upturn and, not least, keep the day-to-day business at cruising speed and safe".

"One thing we can take for granted: we have been part of a relevant and decisive chapter in these precious 76 years of history and all those to come," he said.

So, he added, ten months on, "TAP is slowly resuming operations, safely, has a restructuring and recovery plan, which we all hope will be approved soon, has maintained its essential role for the country and the Portuguese by ensuring, always and without exception, territorial continuity".

"It ensured the repatriation of thousands of compatriots and the transport of critical medical supplies. In partnership with all the unions, we have reached agreements that are fundamental and essential to this path, which have allowed the impressive number of 2,000 surplus workers to be reduced to less than 200, with this difficult process now entering its final phase," he said.

Ramiro Sequeira began his role as executive chairman of TAP in September last year, replacing Antonoaldo Neves in his position since 2018, following the agreement between the government and private shareholders to reorganise TAP's corporate framework - with the departure of David Neeleman.

In 2020, TAP then returned to the control of the Portuguese state, which now holds 72.5% of its capital. The businessman Humberto Pedrosa has 22.5% and the workers the remaining 5% of the group.

TAP is undergoing a restructuring process due to the difficult financial situation caused by the pandemic, which involved a reduction in the number of employees and led the European Commission to authorise state aid of €1.2 billion.

This year, at the end of April, the European Commission approved new and interim state aid of €462 million from Portugal to TAP, to again compensate losses from the pandemic and, according to the airline, ensure liquidity until the restructuring plan is approved by Brussels (which is still ongoing).

ICO/ADB // ADB.

Lusa












Agency : LUSA

Date : 2021-06-22 10:18:00







 

Copyright © Alliance of Mediterranean News Agencies 2017