CaixaBank Proposes More Than 2,000 Layoffs Under Restructuring -Source
January 17 2019 - 8:50AM
Dow Jones News
By Nathan Allen
CaixaBank SA (CABK.MC) is proposing making more than 2,000
workers redundant as part of a restructuring program aimed at
boosting efficiency, a person at the bank said Thursday.
The bank estimates that its plan, which encompasses closing
smaller branches in cities to focus on larger offices that offer
more services, will require 2,157 layoffs, the person said.
CaixaBank began negotiating with unions last week and hopes to
come to an agreement on the proposal, the person said.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
January 17, 2019 08:35 ET (13:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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