Spain's Caixabank wants to shed almost 18% of its workforce and shut down hundreds of branches as part of a cost-cutting plan after buying state-owned lender Bankia, a union spokesman said on Tuesday.
Caixabank seeks to cut up to 18% of workforce in Spain
Caixabank last month closed a 4.3 billion deal with Bankia
Also in News
- Emergency declared on Ryanair flight bound for Palma from Dublin
- British tourists will be “tracked” while on holiday in Mallorca
- Mallorca ambassador Sir Bradley Wiggins has “lost” his Mallorca home
- Mallorca restaurants losing clients, tourists tighten their belts
- Mallorca hotelier - "I wouldn't go to a place where I perceived there to be animosity towards tourists"
No comments
To be able to write a comment, you have to be registered and logged in
Why is this monopoly being allowed? It will only lead to less services and more cost to have a bank account. Spain doesn't seem to believe in competitive markets and yet belongs to the EU.