Restructuring events
European Restructuring Monitor (ERM)
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.
Spanish bank CaixaBank will apply a labor force adjustment plan affecting 750 employees. The plan is being currently discussed with the trade unions and there is no information on the date when the employment effects will start. The bank expects to implement redundancies in Seville (182), the Canary Islands (77), Madrid (75) and Navarra (41). The bank is offering a severance pay equal to 33 days per year worked up to a maximum of 24 years. For the workers born before 1962, it will offer an early retirement plan.
Eurofound (2015), CaixaBank , Internal restructuring in Spain, factsheet number 83655, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83655.