Navigator workers will receive the Christmas bonus upfront, as well as other benefits that include payment for unpaid vacation, accumulated leave, and an “extraordinary bonus”, in an operation whose total amount exceeds 10 million euros, according to the company.
In a statement sent to the newsrooms, the paper manufacturer says that the measures serve to “support” all its 3,200 employees and families “in a difficult period that the country’s economy is going through, recognizing the effort and common performance during the pandemic”.
By January, the company had already implemented other measures, as noted in the document, such as a promotion and career advancement program, a staff merit program and an anti-stagnation clause within the company. This announcement comes on the day Navigator presents results for the third quarter of this year, following the close of the session on the Lisbon Stock Exchange.
Analysts at CaixaBank BPI expect a profit of 21 million euros, which represents a decrease of 61% year-over-year but an increase from the 13.4 million positive results recorded in the previous quarter.