Thursday, October 20, 2016

New Bank: of the 1034 workers who left, 49 were dismissed – the Public.en

The president of the Board of Directors of the New Bank, António Ramalho, said on Wednesday that only 49 of the 1034 workers who left in last year were dismissed, giving rise to three legal proceedings.

Between November 2015 and September last year, the New group Bank has less 1253 workers, including 219 employees, are the units that will be sold mainly in the international market, with the remaining 1034 of the activity in Portugal.

More than two-thirds of these 1034 of the workers left for retirement (376) or with the termination by mutual agreement (412), and the remaining cases admissions, transfers and movements, and the 49 target of collective dismissal.

“Of the frames that were dismissed, 17 were already in the house, by waiver of the exercise of functions, receiving an average salary of 7000 euros,” said António Ramalho.

If the state guarantees to the New Bank if extended, the administration will have to reach a reduction of 1,500 jobs by the end of the first half of 2017, what will be achieved by “natural reduction”, according to António Ramalho.

Still, until the end of the year, “is expected to output an additional 40 to 50 employees due to only early retirement and natural departures”, leaving only “200 people to achieve the objective of the next year.”

“The number of outputs you will notice by the end of the year will reach the value close to 1300, which means that even that the State guarantees to maintain during more time will not require an additional effort, in addition to the natural reduction”, he emphasised.

In his speech, the president of the New Bank admitted that “it is perfectly normal to launch a program of openness to the reforms and outputs in the next year”, that will have to be done with the right of veto of the administration.

António Ramalho took this Wednesday at the Commission of Labour and Social Security numbers related to the reduction in the number of workers, ensuring that conditions set by Brussels are fulfilled, without the need for more redundancies.

Without speaking of the process of sale of the New Bank, which “would be inappropriate”, the manager defended the quality of the financial group, promising that it will be “a reference also to the workers”.

When, in December of last year, have been extended to the state guarantees to the New Bank and the date for its sale has been extended through August 2017, the European Commission has imposed “new remedies”.

The New Bank will have to close a further 75 branches in the first half of 2017 to comply with the restructuring plan agreed with Brussels, which means a reduction of 25% in the network compared to December of 2015, which had 637 counters.

The restructuring plan provides for a focus on domestic activity, reducing overseas presence, a commitment that translates into the sale of international units NB Vénétie (France), the International Bank of Cape Verde, the New Bank of Asia (Macau) and other units of the group.

The sale of a relevant portfolio of receivables and other assets not belonging to the main activity of the group, will lead to that the total of these assets down to eur 9 billion at the end of 2016 for the 7,400 million euros at the end of the first half of 2017.


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