Thursday, August 14, 2014

New Bank undertakes to discuss with unions “implications … – Business Journal – Portugal

New Bank undertakes to discuss with unions "implications … – Business Journal – Portugal

New Bank undertakes to discuss with unions “implications” of the reorganization

The collective work of the banking sector remains in force ” and will be fully met “by the New Bank guarantees Vítor Bento.

The New Bank undertakes, in a statement, arguing that the effects of the reorganization is underway with workers’ representatives. The aim is, if possible, reduce the social impact of such measures.

“It was possible to clarify the possible implications on labor relations that may result from processes of reorganization of the bank will always be evaluated together with the representatives of workers to seek solutions that are possible, mitigate the possible social effects, “according to a statement from the institution led by Vítor Bento (pictured) sent this Thursday.

The Union of Bank of South and Islands (SBSI) has a hope that the redundancies will not be very high: “Our expectation is that the New Bank to keep as many jobs as possible,” said Rui laugh off the meeting

The president of the board of directors of New Bank met with “all the unions representing the workers of the institution on August 14,” and the statement ensures that the collective work of the banking sector remains in force “and will be complied with.”

The New Bank inherited all employees of Banco Espírito Santo, who was the target of a measure of resolution determined by the Bank of Portugal on August 3, that split into good bank and bad bank. “All workers went to the New Bank maintaining their rights and duties, including the pension fund,” he says.

“These meetings also provided an opportunity for the administration to recognize the importance of workers’ representatives of the New Bank in pursuit of the mission entrusted to the management, to regain position as the best Portuguese bench team “specifies the institution.

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