Collective layoffs rise 16% until September

As of September, companies reported 479 collective layoffs, marking a nearly 16% increase compared to the previous year, the highest since 2020. The layoffs included 141 from microenterprises, 216 from small businesses, 86 from medium-sized companies, and 36 from large firms. The Lisbon and Tagus Valley region accounted for the majority of layoffs, with 268 reported. Although the number of workers affected by collective layoffs decreased slightly by 0.1%, 5,539 workers were impacted, with 5,294 actually laid off. In September alone, 669 workers were laid off, significantly higher than the previous year's 200. The manufacturing sector saw the highest number of layoffs, primarily due to workforce reductions and closures.