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
150 jobs Number of planned job losses
Announcement Date
18 November 2014
Employment effect (start)
1 December 2014
Foreseen end date
30 December 2014
Description
Spanish bank, Banco Popular, will implement an early retirement plan that will affect 150 employees. The measure will affect employees from the central services department and will be executed before the start of 2015.
As reported the plan envisages that affected employees will receive an early retirement salary of 80% to 90% until the age of 63 years old and then they will start to receive their pension. In addition, they will receive the sum related to the Special Agreement with Social Security which they must subscribe to in order to maintain their contributions until they get their retirement.
Sources
18 November 2014: Expansión
Citation
Eurofound (2014), Banco Popular, Internal restructuring in Spain, factsheet number 77928, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77928.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
