Portuguese unions are directly hit by the crisis because of its impact on employees' contributions. The CGTP (General Confederation of Workers, the largest union in Portugal) is expecting a 1.9% drop in its operating budget compared to 2008. Contributions represent 85% of all of the union's revenue. (Ref. 090065)
Reflecting the national gloominess. Soaring unemployment and precariousness, notably in sectors hit by structural problems (textile, ceramics, construction) can account for this phenomenon. According to the managers of the union, the internal situation “is a reflection of the current political strategy: destroying the production system, shutting businesses down and reducing purchasing power.” The CGTP-IN claims 700.000 members, in a country with 4.5 million active people.
Mastering expenditures.
…You are reading this article thanks to your subscription to Mind Retail.
Explore new horizons by checking out our other verticals:
Do you have information to share with us?