TAP restructuring “inevitable”

The restructuring process of TAP is inevitable, in order to make the company healthy and viable said the Minister of Infrastructure and Housing, Pedro Nuno Santos.

Asked by journalists about the non-renewal of a contract with more than 300 workers the minister stressed that TAP requires a restructuring process that "is inevitable and that obviously has consequences".

"A great effort is being made to assist and save TAP, because we understand that it is an airline too important for the Portuguese economy to give up on it, but the financial effort that is being made demands that we manage to have a viable and sustainable solution" he said.

The Government intends to carry out the restructuring "in the least traumatic way possible, but we cannot maintain a dimension of TAP that is not necessary for the demand we have", added Pedro Nuno Santos.

"We have to make an adjustment to the reality we face, so that we can better manage the money of all Portuguese people", underlined the minister, adding that the Government's concern is to keep TAP "healthy and viable".