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Fewer companies created and more insolvencies put employment under pressurePhoto by Immersion on Pexels
BusinessFaro

Fewer companies created and more insolvencies put employment under pressure

SOL8 September 2026 at 14:48

By August 2024, 3% fewer companies were created in Portugal compared to the same period the previous year. This decrease in the creation of new companies represents a decline in the country's business dynamics.

Conversely, insolvencies increased by 1.3% in the same period. The growth in insolvencies indicates that more companies face financial difficulties that lead to closure.

This combination of fewer new companies and more closures may have direct consequences on job creation and job loss in Portugal. When fewer companies are created and more close, fewer jobs are generated and more employment is put at risk.

The article highlights that, in this context, it becomes more important to facilitate contact between companies seeking workers and candidates seeking employment opportunities, in order to minimize the negative impacts on the labor market.

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