Salary cuts at TAP

The chairman of the Workers Commission (CT) has announced that the national airline company TAP will adopt the public sector wage cuts, in line with the State Budget for 2013.

Victor Baeta said: “Fernando Pinto, TAP’s Executive President, confirmed on January 30 that there would not be any other exceptional measures and that cuts, between 3.5% and 10%, will be made in February according to Portugal’s State Budget.”

In January, TAP did not implement any salary reductions under Portugal’s budget for 2013, in a document that eliminated the possibility of exceptions, as happened in the previous two years.

However, the Ministry of Finance reiterated that TAP and the public bank Caixa Geral de Depósitos (CGD) will have to reduce its wages between 3.5 and 10%, explaining that the State Budget for this year does not include any exceptions.

On January 30, the unions representing TAP workers also met with the airline management team but, in the end, refused any kind of comment. On Monday February 4 they had scheduled a meeting with the Ministry of Economy, Álvaro Santos Pereira.

In 2011 and 2012, TAP and CDG employees had not been subject to salary cuts due to the possibility of these being offset by other savings in personnel costs.

On December 20 last year, the Government rejected a bid by Synergy, owned by German Efromovich, for TAP’s privatization, a process that could still be restarted this year.

The Secretary of the Treasury, Maria Luís Albuquerque, said that the Synergy proposal to buy TAPwas rejected because it did not assemble the “necessary guarantees”.