Latest news and stories about redundancies in Portugal for expats and residents.
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Abanca today ruled out any new rounds of staff cuts in Portugal, following the voluntary redundancy and early‑retirement programme currently under way, adopted in the wake of the integration of Eurobic.
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.
