Latest news and stories about employment in finance in Portugal for expats and residents.
A recent study on Portugal's financial sector reveals significant trends in employment and salaries, highlighting a drastic reduction in bank branches and the high qualifications of workers. Despite higher average salaries compared to the national average, the study points out disparities with Spain and raises concerns about the future of employment if proposed reforms are enacted.
Portugal's tight labour market and historic employment levels are forcing companies to tap the over-55 workforce, particularly in food, manufacturing, hospitality, logistics and contact centres. Eurofirms reports increased demand for senior profiles, greater openness to flexible hours to improve work–life balance, and a mix of domestic and foreign hires (34% of 216 active outsourced employees are foreign, 63 are over 55). The shift is seen as essential for business growth amid sectoral shortages; Eurofirms recorded a 13% revenue increase to €619 million in the last fiscal year.
The new labour law in Portugal is expected to influence salary improvements, but it may not be the sole factor determining salary increases. In a recent podcast, the president of the Confederation of Commerce and Services of Portugal expressed that the government's expectations regarding the law's impact might have been overly optimistic.
BPI had 4,476 employees at the end of last year, 242 more than in 2024, according to the presentation of the 2025 accounts at a press conference in Lisbon today.
The glass sector says it has suffered losses amounting to millions of euros.
Sectors with the highest unionisation rates are financial activities and insurance (44.9%), supply of electricity, gas, steam, hot water and air conditioning (34%), and transport and storage (26.5%).
The final month of 2025 marked another decline in unemployment. The rate stood at 5.6%, corresponding to a decrease of 0.8 percentage points compared with that recorded a year earlier, according to data released on Thursday by the National Statistics Institute (INE). Employment, meanwhile, remained at record highs. "The rate ...
Abanca says it will not make further staff cuts in Portugal, with the group's CEO saying the bank is in a process of “identifying talent” in the country.
A roundup of press coverage on difficulties accessing health services and the unfolding industrial crisis in the northern region, analysing the effects on local communities, employment and the regional economy.
Home News Tourism is growing in Portugal Tourism is growing in Portugal Employment and tourism grew, workers’ wages increased, and signs of a slowdown “in some sectors” of the Northern region’s economy emerged in the third quarter of 2025, according to a report released.
Of the 515 collective redundancies reported by companies in the first 11 months of last year, 207 were at small companies, 174 at microenterprises and 50 at large companies.
The unemployment rate reached its lowest level since February 2002.
Portugal's unemployment rate has not been this low since February 2002. According to data released this Wednesday by the National Institute of Statistics (INE), in November it stood at 5.7%, falling both month-on-month and year-on-year. Employment, meanwhile, is at record highs. “The unemployment rate stood at 5.7%,...
Julien Jarjoura, an investor based in Switzerland, has acquired Claire’s European business, preserving roughly 200 jobs in Portugal and maintaining the brand’s retail footprint across Europe. The purchase effectively separates the continental operation from insolvency proceedings affecting Claire’s in the United States, the United Kingdom and Ireland, stabilising local employment and stores while broader group restructuring and creditor processes continue.
Home News Immigrant workforce nine years younger than Portuguese Immigrant workforce nine years younger than Portuguese Immigrants working in Portugal are, on average, nine years younger than the Portuguese workforce.
The costs incurred by companies for wages per hour worked increased by 4.7% in Portugal during the third quarter of this year compared to the same period last year. According to data released on Wednesday by Eurostat, this increase was more significant than the average in the European Union and also in the Eurozone.
Vanpro, a supplier to Autoeuropa for three decades, has ceased industrial operations after the German group's company chose another supplier for the seats of the new Volkswagen hybrid car earlier this year. “Today we close the story of Vanpro, located in the Autoeuropa Industrial Park, in the heart of the automotive sector,” ...
The union and the association of commerce, retail, and catering signed a collective labour agreement (CLA) on December 11 that will cover around 30,000 workers and 200 employers, coming into effect on January 1. The CLA was signed by the Independent Union of Commerce and Services (SICOS) and the Association of Brands of ...
Home News Dutch tech company hiring in Portugal Dutch tech company hiring in Portugal The Dutch group Conclusion, through its company Neotalent Conclusion, has inaugurated a new office in the Trinity Porto complex for its 115 employees.
In an increasingly competitive job market, especially in the tech sector, competition is high and recruitment processes have become more demanding. It is no longer enough to master the right tools or accumulate certifications — one must know how to communicate, adapt, and demonstrate the true value they can bring to a team.
Over five thousand people applied to the Portuguese intelligence services, with the Information System of the Portuguese Republic (SIRP) receiving more than 10,000 applications for 108 positions ranging from information officers to human resources, as reported by ECO/eRadar. “The evaluation process for the applications is currently underway.”
In October, Bosch announced the implementation of lay-offs affecting around 2,500 of its approximately 3,300 workers at the Braga factory, starting in November and expected to last for six months. Workers involved in production had their contracts suspended, while those in production support...
Autoeuropa workers unanimously approved joining the general strike scheduled for the 11th of this month. This move could lead to the shutdown of the Palmela plant.
