Banco Popular Portugal to close 47 branches

By TPN/Lusa, in Business · 10-11-2016 14:56:00 · 0 Comments
Banco Popular Portugal to close 47 branches

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.

“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.


Be the first to comment on this article
Interactive Topics, send us your comments/opinion on this article.

Please note that The Portugal News may use selected comments in the printed edition of the newspaper.