The Union of Trade Unions of Lisbon, the USL, unveiled last Friday the latest figures concerning the remuneration of workers in the Portuguese capital. The average salary in the district of Lisbon is currently 1,171.9 euros monthly, but 17.7% of workers receive less than 600 euros and 29.2% earn between 600 and 900 euros. These figures, to which everyone can say what he wants, show in any case large wage inequalities in a capital whose cost of living has continued to explode in recent years, to become ultimately more expensive than other European capitals. Also, corporate bankruptcies have halved since the peak of 2015, but remain at a high level. What are the wage figures of the Lisbon workers? What is the wage trend in the Portuguese capital? Lisbob, the expatriate assistant in Portugal, tells you all about these figures released by the USL.
The average salary in Lisbon is at € 1,174 but 17% earn less than € 600, the number of bankruptcies down sharply
An average remuneration of 1,171.9 euros monthly
According to a document presented by the CGTP this Friday at the XII Congress of the Union of Trade Unions of Lisbon (USL), "behind the average remuneration in the district of Lisbon hide various inequalities of wages". Citing data from the employment survey in the Portuguese capital, the USL points out that the average monthly remuneration in the district of Lisbon is 1,171.9 euros.
"However, behind this average figure, there is a very unequal pay, which varies according to different factors such as gender, age, industry, type of contract or county," says union document. Unsurprisingly it is the manufacturing sector that sees these wages are the lowest.
Half fewer bankruptcies than during the crisis
The same survey reveals that, after the crisis and years of intervention of the troika, the district of Lisbon recorded a record number of bankruptcies, with 1,028 cases in 2015, then 496 in 2018. This drop shows the dynamism of the capital Portuguese and the recovery of its economy.
Most of the companies that started insolvency proceedings in 2018 were in the manufacturing sector (22.3%), followed by the retail sector (15.6%) and services (15.5%).
The document presented at the USL congress also indicates that, compared to 2015, the number of companies subject to collective redundancies in the Lisbon district increased from 244 to 152, which corresponds to a decrease of 37 , 7%. Over the same period, the number of workers targeted by collective redundancies rose from 2,737 to 1,995, a decrease of 27.1%.
According to data from the DGERT, more than half of the collective redundancies carried out in the country between 2015 and 2018 (64.2%) took place in companies in the Lisbon district.
