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
350 - 400 jobs Number of planned job losses
Announcement Date
22 September 2014
Employment effect (start)
1 October 2014
Foreseen end date
31 December 2014
Description
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.
Eurofound (2014), Barclays, Internal restructuring in Portugal, factsheet number 77677, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77677.
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