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.
The British bank Barclays has announced a dismissal of 300-400 workers and the closure of 100 branches in Portugal in an effort to recapitalize the bank.
The restructuring is expected to be implemented throughout 2013. This restructuring is part of a plan to reduce costs by approximately 2,337 million Euro.
Barclays was established in Portugal in 1981 and employs approximately 2000 people.
Eurofound (2013), Barclays, Internal restructuring in Portugal, factsheet number 74979, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74979.
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