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 - Financial service activities, except insurance and pension funding
1,300 jobs Number of planned job losses
Announcement Date
13 March 2010
Employment effect (start)
1 July 2010
Foreseen end date
31 December 2010
Description
1,300 jobs are to be lost as part of a merger of the Caixa Catalunya, Caixa Tarragona and Caixa Manresa savings banks. According to the labour plan agreed with the unions, the cuts will be made through early retirements and voluntary departures.
The new entity, expected to be operational in June, will be the fourth largest savings bank in Spain in consolidated assets (81,020 million euro), customer credits (62,088 million) and managed customer resources (70,009 million), and it will have a network of 1,215 offices.
Eurofound (2010), Caixa Catalunya Tarragona Manresa, Merger/Acquisition in Spain, factsheet number 70438, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70438.
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