New Bank advances to collective dismissal of 69 employees, starting number was 500. The remaining rescinded
BES bad recorded losses of 2.6 billion euros last year, justifying the hole with the passage of controversial senior bonds, valued at 2.2 billion euros, the New Bank for BES. This transfer was ordered by the Bank of Portugal at the end of 2015.
“It should be noted that for the amount of net income for the year mainly contributed to relay to the BES of the liability of the five debt issues not subordinated returned to BES, which represented a book value of 2,237,624 thousand euros. Without this relay, the net loss would be 360,617 thousand euros, “says the report and bank accounts led by Stock da Cunha, who yesterday was released.
the passage of these five lines obligations of Novo Banco to BES, in which the assets are not recoverable, has raised controversy. Institutional investors such as Merrill Lynch moved forward with court actions against the central bank and also an injunction, the judge decided to apply to the regulator to rule. The injunction kept the obligations in the New Bank, but it was learned yesterday, the court ultimately decided to raise the application, keeping the senior obligations on the balance sheet of bad BES, reported the Business and confirmed the DN / Mad Money.
according to the R & C’s bad BES, the institution hopes “will be revoked authorization for the banking exercise” by the end of the sales process of the New Bank, or “no later than 3 August 2016 “. After being revoked this license follows the liquidation of BES, which is expected to occur soon.
Currently, the institution that was born with the toxic waste of the Holy Spirit has only seven employees, which spent a million euros in wages and salaries. With such a small team, BES was also required to spend 4.6 million euros in “consulting and auditing”.
New Bank dismisses 69
in addition to the report and 2015 accounts of BES, yesterday was also to know the details of the cuts in the new bank, which got the good assets of BES. The New Bank, whose sale process was relaunched, will lay off 69 workers.
According to the National Association of Boards and Bank technicians, the team Stock da Cunha decided to proceed to the collective dismissal of 56 workers, number considered “disproportionate compared to the situation it is in this institution.” In addition to these seat frames are also laid off 13 more employees of the group, bringing the collective dismissal for 69 people.
According to the initial plan presented by management, the New Bank would reduce the total number of employees to a thousand passing then to 500. by February / March, several hundred New Bank employees were accepting – by force, according to the trade unions and works councils – the outputs, reducing the total number of redundancies, up to 69 now known
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