EMCC European Monitoring Centre on Change

Unicaja Banco

Unicaja Banco

Geographic Location

Country: Spain


Sector: Financial services
Financial and insurance activities
64.19 - Other monetary intermediation
Number Employed: 9700

Employment Effects

Announcement Date: 13-09-2021
Planned Job Reductions min: 900
Planned Job Reductions max: 1000
Type of Restructuring: Merger/Acquisition
Direct Dismissals: 900

Additional Information

Unicaja, a bank with its headquarters based in Malaga (Andalusia), has summoned the unions to start negotiations on a new workforce adjustment plan affecting between 900 and 1000 employees (9% -10% of the staff). This collective dismissal plan comes just after the workforce adjustment announced in June 2021 and affecting 1900 employees (which is still in a negotiation process). The company claims the same reasons for restructuring as in the previous workforce adjustment plans: problems of duplication after the merger with Liberbank. Unicaja Banco currently has some 9,700 employees and 1,400 offices.