Posted today at 21:27
TAP / Privatization: Buyer must maintain headquarters and ‘hub’ in Portugal ten years
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! The new owner of TAP Portugal will have to keep the seat, the direction, the ‘hub’ and the status as flag carrier for at least ten years, according to the agreement reached between nine unions, Government and company
.
This is the first eight conditions that will be poured in the specifications, with publication scheduled for Tuesday, where documents are defined the airline’s privatization conditions.
“What thirst, effective management and the TAP group establishment continue to be located in Portugal for a period not less than 10 years after the conclusion of direct sales contract that may occur under the privatization process of the TAP, as well as maintenance for the same period, the current ‘hub’ national and status of TAP Group as flag carrier, “reads the document to which the Lusa agency had access.
The working group, established following the desconvocação of four strike days between Christmas and the New Year, also negotiated a period of 36 months beyond the legal limit for the prohibition of unilateral termination of labor agreements between the companies of the TAP group and the signatory unions.
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