Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Abanca has launched a voluntary redundancy programme affecting up to 120 employees in Portugal, mainly in central services. This measure follows a previous process in October 2025, when 77 employees from the commercial area left through mutual agreement terminations and early retirement schemes.
According to the financial institution, an overstaffing situation was identified in “certain cross-cutting areas, resulting from the convergence of structures, systems and functions, which has led to the launch of a voluntary redundancy process.”
According to the National Union of Banking Executives and Technicians (Sindicato Nacional dos Quadros e Técnicos Bancários – SNQTB), the new plan provides for up to 100 mutual agreement terminations and 20 early retirement places. In the case of terminations, the proposed compensation amounts to 1.5 months’ salary per year of seniority, but without entitlement to unemployment benefit. Employees aged 60 or over may opt for early retirement, receiving 60% of their salary until reaching the statutory retirement age.
Eurofound (2026), Abanca, Internal restructuring in Portugal, factsheet number 203962, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203962.
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