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
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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.