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.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
600 jobs Number of planned job losses
Announcement Date
5 November 2012
Employment effect (start)
1 January 2013
Foreseen end date
31 December 2013
Description
The Portuguese Bank BCP announced a reduction plan of its workforce by 600 employees, to be completed by the end of 2013.
The staff reduction plan will be carried out throughout 2013 and it will be implemented using early retirement and mutually agreed terminations.
According to reports, at the end of the third quarter of 2012, BCP had 9866 workers, 93 less than at the end of 2011. BCP recorded losses of over €796,3 million between January and September 2012.
Sources
5 November 2012: Correio da Manhã
Citation
Eurofound (2012), BCP, Internal restructuring in Portugal, factsheet number 74532, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74532.
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