Connect with us

Economy

Banco BCP admits to resorting to collective layoffs

Published

on

Banco BCP admits to resorting to collective layoffs

NThis week, BCP launched a plan to lay off workers, with the bank contacting each of the workers it wants to lay off and presenting the conditions for layoffs (compensation values ​​from the start).

Employees can retire on early retirement (for employees aged 57 and over) or on mutually agreed termination. In this case, the one who leaves by agreement does not have access to unemployment benefits.

On June 9, after the BCP announced the employee layoff program, the unions affiliated with the UGT (Portuguese Financial Sector Workers Union, Center Banking Workers Union and Mais Union) announced that BCP intends to fire them. up to 1000 workers.

This week, on Wednesday, the bank held meetings with trade unions and even announced that it allows the use of collective layoffs.

In a presentation to trade unions that Lusa had access to, BCP points out that collective dismissal in accordance with legal conditions applies to “all those who do not accept the negotiation process”.

Back on June 9, the bank started talking about “unilateral measures to reduce staff.”

According to Jornal Económico, which announces today that BCP allows collective layoffs, among the terms of the layoff by mutual agreement is the payment of compensation in the amount of 1.4 wages per year of work.

Economico also reports that “BCP originally wanted to offer 1.3 salaries, but after meeting with the unions, the amount to be paid for voluntary care has increased.”

The so-called “preliminary negotiation process” of BCP will last until August 18, and the bank foresaw that it could begin collective layoffs from the end of August.

See also  California regulator accuses Tesla of misleading consumers

According to the presentation to the unions, the goal is to complete the restructuring plan on December 5th.

When he announced the plan to leave workers, executive chairman Miguel Maia said the bank had postponed its planned downsizing in 2020 due to the pandemic crisis, “then deciding that it was not feasible to go through a downsizing process this year. worked out “.

According to Miguel Maia, “the structured process of downsizing is the“ hardest, hardest decision ”for the executive team to make” since they took office, but he also said that if they have not done so now, they are “appropriately compromising the future of the bank and its employees.”

The manager stressed that the outputs were not made by comparing the number of employees of other banks, but “on the basis of a thorough analysis of needs and existing opportunities, taking due account of the specifics of the bank and the impact of new technologies on business models and processes,” as well as the expected development of BCP. “

Read also: Reduction of staff at BCP will reach a thousand people

Always be the first to know.
Consumers’ Choice of the Internet Press for the fifth consecutive year.
Download our free app.


Google Play Download

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

House valuations fell by three euros, and the number of orders fell in three months | Frame

Published

on

House valuations fell by three euros, and the number of orders fell in three months |  Frame

The average value of the bank’s valuation in August was 1414 euros, which is three euros less than in the previous month, which indicates a slight slowdown in the value of houses in the context of new loans. This sign is accompanied by two other signs of slowdown, one is the year-on-year growth of 15.8%, down from the 16.1% recorded in June, and the other is the number of evaluation requests that have bounced back. the fall.

Continue Reading

Economy

The Lightyear 0 continues to break records and become the most aerodynamic car in the world…and it’s powered by solar energy.

Published

on

The Lightyear 0 continues to break records and become the most aerodynamic car in the world...and it's powered by solar energy.

The Lightyear 0 never ceases to amaze: in tests conducted in Germany under the WLTP homologation cycle, the electric car, which can also be powered by solar energy, scored 0.175, the lowest score of any production car in history. But this is not an absolute record.

Lighter assured that the result is surprising even for engineers who expected a value of about 0.19. Ario Van der Ham, the company’s technical director, admitted: “We are very proud of this result. We started from scratch when we began to study the machine and its technologies. We’ve put a lot of effort into this.”

The Lightyear 0 managed to beat the previous record set by the 1996 GM EV1, which was 0.19. For example, the two most aerodynamic cars sold today are the Mercedes EQS and Tesla Model S, with claimed values ​​of 0.20 and 0.208, respectively.

However, if we also take concept cars into account, the Lightyear 0 is not the most aerodynamic car – the Mercedes Vision EQXX, introduced this year, scored 0.17 points, while the JCB Dieselmax, a prototype built to set the speed record in category of diesel vehicles. , it had a coefficient of 0.147.

946 examples of the electric sedan were produced, just over 5 meters long, capable of covering almost 625 km on the WLTP cycle thanks to a 60 kWh battery, a 170 hp electric motor. and solar power, which on its own, according to the Dutch manufacturer, it can travel up to 70 km a day.

See also  In-N-Out is web page of COVID-19 outbreak in Oregon

With a base price of 250 to 300 thousand euros, this model is clearly beyond the reach of any budget. However, after 0, Lightyear is already working on a more affordable entry-level model, which has a list price of around 30,000 euros and is scheduled to launch in 2026.

Continue Reading

Economy

Wall Street lives West Side Story and closes in the red. Yield on debt close to 4% – Stock Exchange

Published

on

Wall Street lives West Side Story and closes in the red.  Yield on debt close to 4% - Stock Exchange

Wall Street ended the day in negative territory, wiping out the brief and cautious recovery seen early in the session led by tech companies.

The global monetary tightening movement and the possibility of a recession, marked by statements by several members of the US Federal Reserve (Fed), together with the turmoil in the UK markets, sent three major US indices into the red.

The industrial Dow Jones lost 0.93% to 29,313.26 points, while the S&P 500 fell 0.88% to 3,660.76 points. The Nasdaq Composite Technology Index fell 0.47% to 10,816.59. The “sale” that was felt at the end of last week continued this Monday.

Investors digested the Bank of England’s announcement that, hours after the pound’s fall to historic lows against the dollar, it assured that it “would be hesitant in changing interest rates.”

In turn, several members of the Fed uttered the words with a “hawkish” tone. The central bank president in Boston stressed the need to continue the path of tightening monetary policy to curb inflation.

Susan Collins also warned that the process would require the loss of some jobs. Atlanta Fed Chairman Rafael Bostic also warned that the central bank still has a long way to go to control inflation.

“This is like a West Side Story remake with a gang of central bankers chasing a job market that refuses to give up,” joked Mike Bailey, director of research at FBB Capital Partners, in an interview with Bloomberg.

For an expert”[Jerome] Powell E [Andrew] Bailey’s are trying to slow down the economy, but I feel that employers are trying to keep as many workers as possible. “So we are almost dealing with a fight between central banks and employers,” he added.

See also  “Do you want me to sell more shares, Bernie? Just tell me. ”- Observer

In the debt market, US 10-year bond yields rose 21.3 basis points to 3.898%, very close to the 4% threshold last hit in 2010.

Continue Reading

Trending