- EDITIONS:
Spanish News Today
Alicante Today
Andalucia Today
PROPERTY SEARCH
ARCHIVED - 3 out of 10 CaixaBank employees in Murcia will lose their job due to Bankia merger
The bank is making over 8,000 employees redundant across Spain
The Caixa-Bankia merger was always going to create job losses in branches, and the official data from CaixaBank’s ERE redundancy scheme (Expediente de Regulación de Empleo) has now revealed that this will result in the largest single loss of employment in the history of Spanish banking.
CaixaBank, which has recently merged with Bankia, is to cut around 18.7% of its workforce, the redundancy scheme affecting 8,291 people.
In the Region of Murcia, the ERE scheme is being applied to 410 members of staff, out of a total of 1,351 employees, making Murcia the fourth most affected region, after Madrid (1,511 redundancies), Barcelona (595) and Valencia (528). The province of Zamora, in Castilla y León, is the only Spanish province that hasn’t been affected by the ERE.
This effectively means that 3 out of every 10 CaixaBank employees in the Region of Murcia could lose their job.
The cut-back will also mean the closure of CaixaBank (and Bankia) offices across the country: up to 1,534 offices (around 27% of the total number) will be shut. The number of offices affected in the Region of Murcia is not yet known.
Most of the redundancies will affect office staff, around 5,742, while a further 1,861 employees will be cut from the central network and from territorial directorates, as well as 688 people from other areas. However, Trade Unions will try to reduce this number, especially the number of Bankia employees, as they will be the most affected.
The criteria for closing offices will take into account the size of the municipality, the banking competence, the distance between offices from the two banks (CaixaBank and Bankia), the quota and overlaps with other offices.
