For the fourth time in Parliament in the past four weeks, now to be heard on the process of redundancies in the New Bank, the Governor of the Bank of Portugal defended the administration Stock da Cunha on the need to cut 1000 jobs, but was not categorical as to the legality of the ban on access to facilities close to a hundred workers.
Leaving clear the possibility of dismissal of the New Bank could become greater if the bank is not sold by 30 June 2017 (to be sold must be attractive), Carlos Costa said it had no indication that the legal framework is not being fulfilled. I am convinced, he said, that management has fulfilled the commitment to reduce workers in compliance with the law, stressed the governor, heard in the Working Committee and Social Security of Parliament. Never refer specifically to access offside situation of workers who did not accept the voluntary termination of contracts to their place of work, which is happening since Monday, the governor said not be sure that what went public set an illegal situation, but this is a matter for the courts.
on the same day the Union of Tables Bank Technical asked the Authority of the intervention to the Working Conditions (similar to what had been done by two other union structures), Carlos Costa ensured that the direction given to the management of Novo Banco is that to be diligent in fulfilling the commitment made to do so with the lowest social cost and respecting the legal framework.
the governor assured that the target of 1000 jobs is the result of a compromise between the Portuguese State and the European Commission, and the implementation of a strategic restructuring plan applies, for various reasons, especially the need to ensure the viability of the business model of the New Bank and by maximizing its value. The governor highlighted the positive fact that the New Bank have secured another 900 terminations until August, which allows it to perform virtually the set target, and collective redundancies affect fewer than 100 employees.
The official argued that the reduction of jobs derives from the commitments to Brussels, but safeguarded that this reduction would always be required, similar to what is happening with other national and European banks, with market adjustments.
in the case in concrete Novo Banco, Costa argues that the reduction of staff must meet the public interest and the institution, and in particular to continue to provide financial services to ensure their profitability and financing to the economy, contributing to the stability of the systems financial and protect depositors. If the New Bank does not guarantee its attractiveness, the resolution fund can not sell your position, said Carlos Costa, who only in the last four weeks have moved four times to Parliament to provide information on banking matters.
on the same day the National Association of Boards and Banking Technicians (SNQTB) also submitted a complaint to the Authority for Working Conditions (ACT), addressed to the inspector general, the New Bank issued a statement to ensure the legality of decision to prevent workers who did not accept proposals of termination to return to their jobs. Given the blatant illegality and seriousness of the situation, SNQTB thus required the urgent intervention of ACT, says the union structure in a statement that if it joins the position of Northern Bank Workers Union and the South Bank Employees Union and Islands. In a statement, SNQTB said he did not accept that the ongoing restructuring process in the New Bank may be pressures or even coercion on workers, as was their right, decided not to accept the proposal made by the bank.
as PUBLIC reported, ACT is monitoring the situation of those workers and the PSP has been called, raising records of proceedings, as happened yesterday in Porto, involving the worker Luis Campilho. Since Monday that this employee has been prevented from entering the balcony of Rua José Falcão in Porto. In a statement, the New Bank said that the institution is restructuring its activities and after dialogue with the trade union structures and as an alternative to an immediate collective redundancies, decided to start in March, a process of termination by mutual according to workers who were identified according to objective criteria that are legally accepted. The decision, says the bank led by Stock da Cunha, resulted in a compensation package to propose the termination process by mutual agreement more favorable than those applied in a collective dismissal procedure. Highlights the administration under an unquestionable restructuring, the decision about the presence in bank premises or on access to their systems by some workers who no longer have specific duties to perform, it is legal and has been confirmed by the courts in similar situations. Being almost over the termination phase by mutual agreement, the bank states that the collective dismissal in Portugal, will be clearly below the 100 employees.
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