First version of TAP restructuring plan ready in two months

The first version of TAP’s restructuring plan should be completed within two months, the Boston Consulting Group (BCG) said on Wednesday at a meeting with the Civil Aviation Pilots Union (SPAC).

In a communication to the members, seen by Lusa, SPAC said that the consultancy chosen for the restructuring of the TAP group said that the studies for the restructuring should have the first version within two months.

BCG was selected for the preparation of

the TAP restructuring plan, and on Wednesday began the process of listening to the organisations representing workers, having met with the Union of Civil Aviation Pilots (SPAC) and the National Union of Civil Aviation Flight Personnel (SNPVAC).

In the communications to the workers about the content of the meeting, SPAC said it presented studies that point to the absence of excess pilots, even considering a reduction in activity, and said it was essential to maintain the number of pilots that will ensure a significant recovery of the operation and a minimum critical mass of the company to ensure its recovery.

Although it stated that it does not consider it necessary to reduce the number of pilots, the trade union structure stated that voluntary mechanisms should be created to reduce the availability of pilots, such as early retirement and pre-retirement.

The SNPVAC, on the other hand, mentions to its members that no data on the restructuring process has been submitted, stating that ‘strangely’ only generic inputs for the future of the company have been requested.

Following the European Commission’s approval of State aid to TAP, the air group undertook a market consultation to select an entity to provide consultancy services to assist in the preparation of a restructuring plan to be submitted to the European Commission.