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 / Insurance/ Estate 64 - Financial service activities, except insurance and pension funding 64.1 - Monetary intermediation 64.19 - Other monetary intermediation
600 jobs Number of planned job losses
Announcement Date
2 January 2007
Employment effect (start)
2 January 2007
Foreseen end date
31 December 2010
Description
One of the main banks in Spain, Banesto, has recently announced an additional pre-retirement plan for a further 600 employees. This plan will start in 2007 and shall be completed by 2010. Banesto already proceeded to an initial pre-retirement plan, in 2006, for 125 of its employees.
Sources
2 January 2007: Cinco Días
Citation
Eurofound (2007), Banesto, Internal restructuring in Spain, factsheet number 64753, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64753.