The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.11 - Central banking
400 jobs Number of planned job creations
Announcement Date
21 December 2004
Employment effect (start)
1 January 2005
Foreseen end date
31 December 2005
Description
Caja Madrid is specialised in financial services and is partly owned by public institutions. On 21 December 2004, the Company, in agreement with the labour representatives, has announced the creation of 400 jobs. The Company will increase by 3% its labour force and will adapt itself to the union's nationwide agreement signed within the sector. Part of the temporary jobs the company actually has will turn into a permanent contractual basis in the year 2005.
Sources
21 December 2004: El País
Citation
Eurofound (2004), Caja Madrid, Business expansion in Spain, factsheet number 60934, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60934.
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