Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

525 jobs
Number of planned job losses
Job loss
Announcement Date
21 June 2017
Employment effect (start)
Foreseen end date


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.


  • 21 June 2017: El Comercio


Eurofound (2017), Liberbank, Internal restructuring in Spain, factsheet number 91317, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91317.