Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

375 - 200 jobs
Number of planned job losses
Job loss
Announcement Date
4 April 2014
Employment effect (start)
1 June 2014
Foreseen end date
28 February 2015


Spanish bank Ibercaja is to negotiate a labour force adjustment at the end of April 2014, affecting around 200 employees. Negotiations will last a month.

Dismissals will be implemented on a voluntary basis. Moreover, the company has stated that it will prioritize early retirements. 180 dismissals can be implemented by means of early retirement measures.

The ERM reported previously on a restructuring at Ibercaja, announced in March 2013.

Updated, 30/05/2014: As reported, negotiations concluded and the proposed plan envisages up to 375 voluntary redundancies to be implemented during 2014 and up untill February 2015.


  • 30 May 2014: Expansión
  • 4 April 2014: Expansión


Eurofound (2014), Ibercaja, Internal restructuring in Spain, factsheet number 76808, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76808.