According to ECO, EDP, the largest group on the Portuguese stock exchange, has been under fire for its loss of capitalisation in recent months. Internally, the level of trust among employees in management has deteriorated substantially over the past year, with the most recent internal survey showing that 57% trust the company's management, compared to 69% in 2023.

According to Expresso cites ECO, the electricity company ended 2024 with 12,596 employees, 3.4% less than the previous year. In Portugal, the percentage of layoffs was even higher, at 3.8%, to 5,466 employees. And the reduction is not expected to stop there, as more than a hundred workers were asked to leave through amicable terminations and around 300 through early retirement, a total equivalent to around 7% of its workforce in the national market.

According to Hugo Soares, an EDP employee and leader of Sindel – National Union of Industry and Energy, most of the invitations were unsuccessful, with workers not accepting the terms proposed by the company. However, “this year the movement of redundancies was more visible” than in previous years, attesting that it covered several areas and departments, from the base to the top offices.