Alexandra Reis asked TAP for compensation of more than 1.4 million – Aviação

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The current Secretary of State for the Treasury, Alexandra Reis, requested compensation of 1.48 million when she started negotiating her departure from TAP. The carrier ended up reaching an agreement with the manager, paying him 500 thousand euros.

This amount, 1,479,250 euros, appears in the explanation of this case that the TAP administration gave to the ministries of Finance and Infrastructure. Alexandra Reis held management functions in seven group companies, namely: TAP SGPS, TAP SA, Portugália, TAPGER – Sociedade de Gestão e Serviços, UCS – Integrated Health Care, Cateringpor and TAP Logistics Solutions.

In the missive, it is explained that the choice to negotiate the departure of Alexandra Reis came from the current administration of the carrier led by Christine Ourmières-Widener. “With the initiative of TAP, the negotiation process was started with Alexandra Reis in the sense of reaching a consensus with an agreement on the immediate cessation of all existing contractual links between Alexandra Reis and all the companies of the TAP group “, reads the three pages. letter, signed by the CEO and chairman of the French company, Manuel Beja.

According to the document, the two parties reached an agreement on February 1, which resulted in the termination of the contract with effect from February 28. “In return for the termination of all contractual relations, and despite Alexandra Reis’ initial claim amounting to 2,479,250. euro, it was possible to reduce and agree a gross aggregate value of 500,000 euro”, underlines the management of TAP.

The TAP explanation that the ministries led by Fernando Medina and Pedro Nuno Santos decided to send to the General Inspectorate of Finance and the Securities Markets Commission, explains how this figure was arrived at. Therefore, “56,500 correspond specifically to compensation for the termination of the contract of employment without term of Alexandra Reis as director of the company”.

The value of 443,500 is a counterpart for the termination of the mandate contracts as administrator, seven in total, decomposing this amount into two payments. Thus “107,500 euros of claimed due remuneration corresponding to unused vacations and 336,000 euros of due earnings, corresponding to approximately one year of gross remuneration without deductions resulting from emergency agreements or other deductions.

TAP also clarifies that after the agreement reached, “Alexandra Reis issued letters of resignation that supported the registration with the commercial registry office of the termination of the managerial functions, as well as the announcement made to the market” and also that the two parties “subjected the content of the said termination agreement to a mutual commitment of confidentiality”.

Source: Journal de Negócios from

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