Type
Internal restructuring
Country
Spain
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

2,600 jobs
Number of planned job losses
Job loss
Announcement Date
20 February 2013
Employment effect (start)
1 May 2013
Foreseen end date
30 May 2013

Description

CaixaBank in Spain is to apply for a redundancy procedure affecting 2,600 employees. The restructuring plan (dismissals by means of voluntary leaves and early retirements) proposed by the company has been agreed with the unions. Dismissed workers will receive compensation by dismissal equal to 45 days per year worked with a maximum of 42 months. 


Sources

  • 20 February 2013: El País
  • 27 March 2013: El País

Citation

Eurofound (2013), CaixaBank, Internal restructuring in Spain, factsheet number 74950, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74950.