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.
Unicaja, a bank with its headquarters based in Malaga (Andalusia), has summoned the unions to start negotiations on a new workforce adjustment plan affecting between 900 and 1000 employees (9% -10% of the staff). This collective dismissal plan comes just after the workforce adjustment announced in June 2021 and affecting 1900 employees (which is still in a negotiation process). The company claims the same reasons for restructuring as in the previous workforce adjustment plans: problems of duplication after the merger with Liberbank. Unicaja Banco currently has some 9,700 employees and 1,400 offices.
Eurofound (2021), Unicaja Banco, Merger/Acquisition in Spain, factsheet number 105282, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105282.