Caser

Type
Internal restructuring
Country
Spain
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
288 jobs
Number of planned job losses
Job loss
Announcement Date
22 February 2013
Employment effect (start)
28 February 2013
Foreseen end date

Description

The insurance company Caser has launched a Redundancy Procedure affecting 288 employees (9% of its entire workforce).

Currently, the company is negotiating the measure with the unions. The company has committed itself to try to reduce the number of forced exits. According to reports, they will try to reduce the staff by means of early retirement. In addition, during the negotiations, alternative cost-cutting measures such as working time reduction schemes and/or changes in the work contracts will be discussed. 

Sources

  • 22 February 2013: Cinco Días

Citation

Eurofound (2013), Caser, Internal restructuring in Spain, factsheet number 74960, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74960.