Restructuring events
European Restructuring Monitor (ERM)
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.
Liberbank is going to implement a new employment adjustment. A pre-agreement on the measure has been achieved with the trade unions CC OO, UGT, CSIF and STC. The measure will affect 525 workers and will be executed through voluntary departures and early retirement measures. Workers opting for early retirement will receive, as compensation, a payment equal to the 60% of the gross salary with a limit between 75% and 80% of the net salary and with a maximum of €50,000 on a yearly basis until they reach 63 years. The agreement also includes that 153 workers to be dismissed by the 30th of June, in accordance with the previous employment adjustment reported in the ERM, are covered by the new conditions. Moreover, the restructuring plan of the bank includes a working time reduction scheme that will be applied to all the staff.
Eurofound (2017), Liberbank, Internal restructuring in Spain, factsheet number 91317, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91317.
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