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.
Spanish bank Ibercaja is to negotiate a labour force adjustment at the end of April 2014, affecting around 200 employees. Negotiations will last a month.
Dismissals will be implemented on a voluntary basis. Moreover, the company has stated that it will prioritize early retirements. 180 dismissals can be implemented by means of early retirement measures.
The ERM reported previously on a restructuring at Ibercaja, announced in March 2013.
Updated, 30/05/2014: As reported, negotiations concluded and the proposed plan envisages up to 375 voluntary redundancies to be implemented during 2014 and up untill February 2015.
Eurofound (2014), Ibercaja, Internal restructuring in Spain, factsheet number 76808, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76808.
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