![]() ![]() He added: “The path of stabilisation and privatisation is not in question” and “the government expects to open the privatisation process soon.” Stressing that the scandal had had a negative impact on TAP’s reputation, Medina said it was necessary “to recover the bond of trust between the country and the company.” However, he assured in response to one question that “the entire executive committee will not fall.” “It is essential to turn the page, while recognising the merits of the current management” in the implementation of the company’s restructuring plan, which has included job cuts and will culminate in its upcoming partial privatisation. Of the total she received, Reis will have to return EUR450,110 (USD480,468), because that is the part that the report considered to have been allocated illegally, he elaborated. This “makes the return of the unduly paid sums required,” Finance Minister Fernando Medina said during a press conference at the Ministry of Finance on March 6, as quoted by the newspaper Público. The government of Portugal has sacked the chief executive of state-owned carrier TAP Air Portugal (TP, Lisbon) following the delivery of a final report from the Inspectorate General of Finance (Inspeção-Geral de Finanças - IGF) probing an irregular severance payment of EUR500,000 euros (USD534,000) handed last year to a former executive board member.Ĭhristine Ourmières-Widener and the airline’s chairman, Manuel Beja, were dismissed “with just cause” - without the right to receive compensation - after the IGF concluded that the severance deal signed between TAP and the former board member, Alexandra Reis, was illegal. ![]()
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