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
1,502 jobs Number of planned job losses
Announcement Date
3 January 2013
Employment effect (start)
3 January 2013
Foreseen end date
Description
Caja Duero-España has announced plans to dismiss 1502 employees and close 263 branches. 700 of the job cuts will take place in the region of Castilla y León.
Caja Duero-España is a financial conglomerate formed in March 2012, merging the operations of 3 savings banks: Caja España, Caja Duero and Unicaja. In December 2012 it was taken over by the state-aid banking fund Frob, thus becoming nationalized.
Sources
3 January 2013: El Mundo
Citation
Eurofound (2013), Caja España-Duero, Merger/Acquisition in Spain, factsheet number 74777, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74777.
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