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 Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
288 jobs Number of planned job losses
Announcement Date
22 February 2013
Employment effect (start)
28 February 2013
Foreseen end date
Description
The insurance company Caser has launched a Redundancy Procedure affecting 288 employees (9% of its entire workforce).
Currently, the company is negotiating the measure with the unions. The company has committed itself to try to reduce the number of forced exits. According to reports, they will try to reduce the staff by means of early retirement. In addition, during the negotiations, alternative cost-cutting measures such as working time reduction schemes and/or changes in the work contracts will be discussed.
Sources
22 February 2013: Cinco Días
Citation
Eurofound (2013), Caser, Internal restructuring in Spain, factsheet number 74960, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74960.
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