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
266 jobs Number of planned job losses
Announcement Date
12 December 2017
Employment effect (start)
Foreseen end date
Description
Evo Banco plans to dismiss 266 employees (60% of its entire workforce in Spain). On 12 December, trade unions UGT, CCOO, FINE and CSICA, which are represented at the bank, called for a one day strike. Industrial action was promoted to protest against the restructuring measures since trade unions assume that there are limited possibilities of achieving a bargained solution. According to the trade union UGT, Evo Banco plans to become a virtual bank in Spain. As a result, most of the offices (88%) will be closed.
Sources
11 December 2017: El periódico
Citation
Eurofound (2017), Evo Banco, Internal restructuring in Spain, factsheet number 92831, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92831.
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