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 64.19 - Other monetary intermediation
1,028 jobs Number of planned job losses
Announcement Date
17 October 2018
Employment effect (start)
17 October 2018
Foreseen end date
17 October 2021
Description
Unicaja Banco, Spanish bank entity based in Malaga, has announced plans to dismiss 15 per cent of its workforce, or 1,028 employees, until October 2021. The dismissal plan of the entity follows the acquisition of the bank Caja España Duero in September 2018 and its objective is to reduce costs.
Trade unions have expressed hope that the number of redundancies will be slightly reduced and have confirmed that the vast majority of dismissals will be carried out through an early retirement plan and agreed departures.
Sources
Citation
Eurofound (2018), Unicaja Banco, Merger/Acquisition in Spain, factsheet number 96039, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96039.
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