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
375 - 200 jobs Number of planned job losses
Announcement Date
4 April 2014
Employment effect (start)
1 June 2014
Foreseen end date
28 February 2015
Description
Spanish bank Ibercaja is to negotiate a labour force adjustment at the end of April 2014, affecting around 200 employees. Negotiations will last a month.
Dismissals will be implemented on a voluntary basis. Moreover, the company has stated that it will prioritize early retirements. 180 dismissals can be implemented by means of early retirement measures.
The ERM reported previously on a restructuring at Ibercaja, announced in March 2013.
Updated, 30/05/2014: As reported, negotiations concluded and the proposed plan envisages up to 375 voluntary redundancies to be implemented during 2014 and up untill February 2015.
Sources
30 May 2014: Expansión
4 April 2014: Expansión
Citation
Eurofound (2014), Ibercaja, Internal restructuring in Spain, factsheet number 76808, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76808.
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