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.
Barclays bank announced the closure of 60 to 70 branches in Portugal. This will result in the dismissal of 350 to 400 employees. The job reduction measure will take place by the first quarter of 2015 and will be implemented by means of voluntary redundancies.
Barclays currently employs 1,464 people in Portugal and has 147 branches.
For a previous restructuring event see BarclaysPT-2013
Eurofound (2014), Barclays, Closure in Portugal, factsheet number 77677, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77677.