Now it must be saved and firing – both in salary and staff. One of Spain‘s largest savings banks, the Catalan La Caixa, they turn the saves knife and gives notice of dismissal for a third of the savings bank La Caixa workforce.
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The cuts are part of a massive restructuring plan, which is one of the requirements from the European Commission, EU and is part of the plan to rescue the Spanish banks.
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Under the agreement, which still must be approved by bank La Caixa Board must fire 2,153 of the 7,200 employees, according to Catalunya Caixa in a statement. The agreement will also wage cuts for hire that will not be fired.
The finance ministers of the euro area went last year agreed to finance a bailout of Spain banks against widespread reductions in the Spanish banking sector.
The Spanish bank Caixa Catalunya was formed in 2010 by the merger of three savings banks in Catalonia and the second largest of the four banks, which last year became nationalized by the Spanish government to save them from collapse and bankruptcy.
Convicted Alhaurín El Grande mayor forced to resign
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Mayor of Alhaurín El Grande, Juan Martín Serón (PP), forced to leave his post after the Supreme Court confirmed the judgment against him.
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Juan Martín Serón, as before construction Council Gregorio Guerra, was sentenced in January 2012 to one year in Officers ban and 200.000 Euros in fines for bribery. Province Court in Málaga found them guilty of having demanded 122,000 Euros in payment of a construction business man, in order to give him a building permit, property Marbella.
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After the Supreme Court established outcome wins penalty void and Juan Martín Serón therefore forced to resign as mayor. This even though his lawyers are considering an appeal further to the EU Court of Justice.
Spanish Flight Company Iberia trying facelift
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Passenger collapse in the Spanish air company Iberia makes the former leading airline in Spain now plummeted to fourth place.
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Iberia changes in day logo. It occurs when the company is in one of its worst moments, shaken hard by cuts and dissatisfaction over the merger with British Airways. In September, the number of passengers by 32 percent since January, Iberia lost 36 percent travelers, compared to last year. There are 5.7 million passengers less between January and September.
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In four years has Iberia plummeted from first to fourth place of the airlines operating in Spain. Most passengers are now Ryan air, followed by Vueling and Air Europa.
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