Edition 1518
23 March 2019
Edition: 1518

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Banco Popular Portugal to close 47 branches

by TPN/Lusa, in Business · 10-11-2016 14:56:00 · 0 Comments

Banco Popular Portugal said on Monday 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.

Banco Popular Portugal to close 47 branches

“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. 

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Edition 1518
23 March 2019
Edition: 1518

Read this week's issue online exactly as it appears in print.

Twitter

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