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
64.1 - Monetary intermediation

120 jobs
Number of planned job losses
Job loss
Announcement Date
27 July 2012
Employment effect (start)
27 July 2012
Foreseen end date
31 December 2012

Description

Porto-headquartered BPI bank announced a reduction of its staff levels by 120 employees. This will take place through an early retirement programme until the end of 2012.


Sources

  • 25 July 2012: Diário Económico

Citation

Eurofound (2012), BPI, Internal restructuring in Portugal, factsheet number 73967, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73967.