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 - Financial service activities, except insurance and pension funding
189 jobs Number of planned job losses
Announcement Date
13 November 2009
Employment effect (start)
1 January 2010
Foreseen end date
31 March 2010
Description
The banking group Lloyds Bank Spain has presented a redundancy programme that affects 189 employees throughout Spain (40% of its workforce). The measure will have the greatest impact in Catalonia, where the proposal is to lay off 27 of its 37 employees - that is, 73% of the staff. All in all, this restructuring programme will affect 142 Lloyds Bank staff as well as 47 staff at Halifax, which was acquired at the beginning of this year.
Sources
13 November 2009: El País
Citation
Eurofound (2009), Lloyds Bank España, Internal restructuring in Spain, factsheet number 69902, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69902.
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