Latest news and stories about redundancies in Portugal for expats and residents.
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With immediate effect, the programme aims to reach mutual termination agreements with up to 100 employees and early-retirement agreements with up to 20.

Spanish bank Abanca will launch a voluntary termination-by-mutual-agreement (RMA) and early retirement programme for central services employees who “freely wish to participate”, the SNQTB union announced today.

Abanca has launched a new voluntary redundancy programme, the second in a matter of months. In October, 77 staff from the commercial division had already left under mutual-agreement terminations and early retirements. Now it is opening the door for a further 120 central services employees to leave the bank that has just acquired EuroBic.
