Type
Internal restructuring
Country
Spain
Region
Comunidad de Madrid;
Location of affected unit(s)
Madrid
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

111 jobs
Number of planned job losses
Job loss
Announcement Date
27 October 2005
Employment effect (start)
Foreseen end date

Description

The company Safei, sister company of Banco Inversis Group is specialised in financial intermediation. After being bought on 31 May 2005 by Banco Inversis Group, the company has agreed with the labour representatives on a job reduction plan creating 111 redundancies out of 288. The dismissed will perceive a compensation of 53 pay days per year worked.


Sources

  • 27 October 2005: El PaĆ­s

Citation

Eurofound (2005), Safei, Internal restructuring in Spain, factsheet number 62489, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62489.