Miguel Maia, CEO of Millennium BCP, said the bank will reach the end of the year with a staff reduction of 800, which means a “deep transformation” to attract talent, the executive added.
“I see that BCP is competing with banks in Europe and the Eurozone. This year, BCP will reach the end of the year with a reduction of 800 people. This result is associated with a profound transformation of business models, ”explained the head.
With regard to labor law reforms, Miguel Maia said he fully agreed with the right to disconnect, but not with the obstacle that the employer cannot “communicate with people”.
BCP has already announced a collective layoff of 62 employees, according to the CEO’s announcement to bank employees, to which Lusa had access.
As for other exits, the bank has reached an agreement with approximately 700 employees on consensual layoffs, early retirement and pre-retirement retirement.
Unions have accused banks of reprisals and blackmailing workers, believing that they are forcing them to leave through layoffs (without access to unemployment benefits) or early retirement. They add that this is at high profit margins.
BCP’s profit in the first half of the year was 12.3 million euros (84% less than in the same period in 2020), while Santander Totta’s profit was 81.4 million euros (52.9%) less.
