Type
Internal restructuring
Country
Portugal
Region
Continente;
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.11 - Central banking

250 jobs
Number of planned job losses
Job loss
Announcement Date
20 February 2003
Employment effect (start)
1 February 2003
Foreseen end date
1 December 2003

Description

Banco Espírito Santo employs actually 4,132 effective workers. The company announced a restructuring plan affecting 250 workers in Portugal.


Sources

  • 28 July 2003: CGTP

Citation

Eurofound (2003), Banco Espírito Santo, Internal restructuring in Portugal, factsheet number 59126, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59126.