PAULO MORGADO IN PRÉMIO: “STOP, THINK, AND GROW.” (17-06-2005)
Feature article, written by Paulo Zacarias Gomes for PRÉRMIO and titled “Stop, think and grow,” on the company stabilization programme implemented by Paulo Morgado.
The journalist begins his article by stating that after some cost cutting and fine-tuning of the machinery, the company is ready for hiring again.
Then, he moves on to describe the many problems the company was facing back then and how Paulo Morgado, on his arrival as Chief Executive Officer in 2003, checked the pulse of the company, diagnosed the illness/illnesses the company suffered from, and set out to do some surgery. As a result, costs were reduced by 25%, and redundant functions eliminated (the downsizing of the company implied the exit of 110 employees, out of 420, mostly from areas that did not offer direct value to the company.