BCP to lay off 250 workers

Portugal’s Banco Comercial Portugues (BCP) announced this week it will reduce its workforce by 250 employees over the next five years. The layoffs, however, are not expected to affect the bank’s Polish arm, Millennium Bank. “The situation on the Polish market is so different compared with our home market,” said BCP spokesperson Erik Burns. “Millennium shows strong resistance to financial turmoil, and it’s characterized by financial stability, posting healthy result on its operations in Poland. This is why, there’s no reason for us to take such a decision.”