To create subdirectory for each zip file and keep relative structure
with 7z:
7z x '*.zip' -o'*' -p'password'
with unzip:
find . -name "*.zip" | xargs -P 5 -I fileName sh -c 'unzip -o -d "$(dirname "fileName")/$(basename -s .zip "fileName")" "fileName"'
The following command keeps only relative structures of directories, unzipping all files directly
find . -name "*.zip" | xargs -P 5 -I fileName sh -c 'unzip -o -d "$(dirname "fileName")" "fileName"'