Type
Internal restructuring
Country
Spain
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

600 jobs
Number of planned job losses
Job loss
Announcement Date
2 January 2007
Employment effect (start)
2 January 2007
Foreseen end date
31 December 2010

Description

One of the main banks in Spain, Banesto, has recently announced an additional pre-retirement plan for a further 600 employees. This plan will start in 2007 and shall be completed by 2010. Banesto already proceeded to an initial pre-retirement plan, in 2006, for 125 of its employees.


Sources

  • 2 January 2007: Cinco Días

Citation

Eurofound (2007), Banesto, Internal restructuring in Spain, factsheet number 64753, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64753.