Portugal - Job cuts at bank - November 30, 2016

Banco Popular Portugal announced it was going to close 47 branches and cut its staff by 295 workers by the end of the year as part of the restructuring of the Spanish group. ‘We anticipate 295 workers leaving (including retirements), through mutual agreement to terminate work contracts’, the bank said in a statement. The bank said it had asked the work and social security minister to declare the bank was being restructured so the workers would have the right to unemployment benefits.

English: http://www.theportugalnews.com/news/banco-popular-portugal-to-close-47 …  

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