Type
Internal restructuring
Country
Portugal
Region
Continente; Lisboa; Grande Lisboa
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security
65 - Insurance, reinsurance and pension funding, except compulsory social security

100 jobs
Number of planned job losses
Job loss
Announcement Date
9 July 2003
Employment effect (start)
1 July 2003
Foreseen end date
1 December 2004

Description

The Insurance Company Fidelidade-Mundial dismisses 100 workers by the end of 2004. This situation results of the merger of Fidelidade and Mundial Confiança.


Sources

  • 9 July 2003: Diário Económico

Citation

Eurofound (2003), Companhia de Seguros Fidelidade-Mundial, Internal restructuring in Portugal, factsheet number 60265, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60265.