Cajas Rurales del Mediterráneo

Type
Internal restructuring
Country
Spain
Region
Este; Comunitat Valenciana ; Valencia/València
Location of affected unit(s)
València
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
157 jobs
Number of planned job losses
Job loss
Announcement Date
15 June 2010
Employment effect (start)
6 September 2010
Foreseen end date
28 February 2011

Description

The creation of the group of banks Cajas Rurales del Mediterráneo in València (CRM) will result in the closure of 29 offices and dismissal of 157 workers. The procedure will start in September 2010. Cajas Rurales del Mediterraneo brings together many financial institutions: Ruralcaja, Torrent, Crèdit Valencia, Altea, Burriana, Callosa d'en Sarrià, Nules, Alqueries, Cheste, Alginet, Vilavella, Almenara, Xilxes and Vilafamés. The group operates 618 offices and employs overall 2.538 workers.

Sources

Citation

Eurofound (2010), Cajas Rurales del Mediterráneo, Internal restructuring in Spain, factsheet number 70773, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70773.