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 - Financial service activities, except insurance and pension funding

275 jobs
Number of planned job losses
Job loss
Announcement Date
28 March 2013
Employment effect (start)
17 April 2013
Foreseen end date
17 May 2013

Description

Spanish bank, Ibercaja, has agreed with the unions to implement a collective dismissal plan by means of voluntary early retirements which will be available to a maximum of 275 workers. The measures will be applied during 2013 with a possible extension of two years. Out of the total number of workers impacted, 205 will be aged over 61 years old or will be at this age before 31 December 2013. If the maximum number is not reached within the 61 to 64 years old age group, then the early retirements will be extended to those employees aged 60 years old. The rest 70 redundancies refer to those employees affected by office closures and relocations.  


Sources

  • 28 March 2013: Expansi√≥n

Citation

Eurofound (2013), Ibercaja, Internal restructuring in Spain, factsheet number 75206, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75206.