CGD. Of cutting 2,500 workers by 2020 – Observer

The Secretary of the Treasury, Ricardo Mourinho Félix, have taken to the labor union of Caixa Geral de Depósitos the restructuring plan for public bank goes through a cut of about 2,500 workers by 2020, starting in 2017 and foreseeing its implementation over three years. The information, according to advance the Business Journal, have been transmitted by the ruler on last Thursday for a meeting with the union, and whose conclusions were today disclosed in a statement.

“the planned reduction in the number of workers will be the order of 2,500. Although this assessment is made by the new administration, providing for their application from 2017 and over three years. It was guaranteed that there will be no redundancies and that the reduction would undergo reforms or early retirement, always by agreement between CGD and the employee “, reads the statement of the Workers of the Caixa Group Companies Union ( STEC). That is, the number is still not right since depend on assessment made by the new administration, led by Antonio Domingues, who have not took office.

“The entry into the future management functions pending a new EC obligation (the assessment of the suitability of the proposed elements), “reads the statement, which the union states that the Government ensured that the entry into the new administration functions would be” soon. “

Along with the reduction of staff, will also be reduced counters, especially abroad, in countries like France and Spain, and Venezuela. In these places will reduce the presence of the Portuguese state bank, STEC points out that, according to the Government, are being prepared preferential agreements with local banks in the countries concerned.

the reduction of branches will mainly occur abroad, where the interests of the CGD and its customers would be provided by a local Bank through preferential agreement. However, the level of Palop, the betting plan a sustainable growth, “it reads.

In the same statement, which lists the conclusions of the meeting with the governor, the union says the government not advanced with new data on the capital injection is expected to be made. “The Government assumes, without reservation, a totally public capital CGD, with a never smaller than the current in terms of market share, but would support more businesses, particularly SMEs, more closely, and continue being for the population the trustee of their savings and their reference bank, “it reads.

in recent statements, both the finance minister and the Prime Minister chose not move numbers, referring to the negotiations are still underway with the European Commission, and, according to Antonio Costa, are about to be completed.

This Tuesday starts in Parliament, a committee of inquiry on the management and recapitalization public bank, which was imposed by PSD and CDS-PP through a potestative application (mandatory character). The commission will be chaired by Social Democrat José Correia de Matos. “ The Government is also very concerned about the erosion of image CGD , particularly with what comes to pass in the Parliamentary Commission of Inquiry,” the union in the conclusions of the meeting.