Efacec Employees Voice Concerns Over Job Security
Workers at Efacec, based in Matosinhos, are expressing deep concerns about the future of their jobs and the direction the company is taking following its recent restructuring. The company operates in the energy and electric mobility sectors, and employees are worried about what lies ahead.
Trabalhadores da EFACEC preocupados com o futuro da empresa (Photo: Amin Chaar)
Political Criticism and Company Changes
Political parties including PCP, Chega, PSD, and BE have criticized the processes of nationalization, which cost the state 580 million euros, and the subsequent reprivatization carried out during the socialist government. In contrast, the PS believes it was the only way to prevent the bankruptcy of "a company with great strategic importance for the country."
The nationalization occurred in 2020, bringing Efacec under the control of the Portuguese state. This was followed by reprivatization in 2023, when the company was acquired by the German investment fund Mutares. This move heightened concerns among employees, as it led to a reduction in the workforce from 2600 to 2000 employees.
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