The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
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
Announcement Date
15 October 2015
Employment effect (start)
31 December 2015
Foreseen end date
30 June 2017
Description
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.
Sources
15 October 2015: Expansión
Citation
Eurofound (2015), Liberbank, Internal restructuring in Spain, factsheet number 85128, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85128.
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