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

612 jobs
Number of planned job losses
Job loss
Announcement Date
15 October 2015
Employment effect (start)
31 December 2015
Foreseen end date
30 June 2017


The Spanish bank Liberbank has presented an early retirement plan for 612 employees. The plan offers a compensation payment of between 75% and 80% of the net annual salary. The plan is offered to workers that were born in 1956, 1957 and 1958. Workers that were born before 31 December 1956 will leave the company on 31 December 2015, those born in 1957 will leave the company on 31 December 2016, and those born in 1958 will leave the company on June 30 2017. The trade union CSICA has rejected the plan, stating that it provides the worst compensation of the restructuring process that has taken place throughout the Spanish financial sector in the last years.


  • 15 October 2015: Expansión


Eurofound (2015), Liberbank, Internal restructuring in Spain, factsheet number 85128, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85128.