ABC of Spain / CaixaBank, which in early January formalized the purchase of the business of Barclays in Spain, has raised today unions cut 1,120 employees Barclays Spain, representing 46.6% of the current squad, consisting of about 2,400 people.
Sources familiar with the proposal have pointed to Efe that this is a first proposal which opened today negotiation and would affect 641 employees at the headquarters, located in Madrid, and more than 479 branches. Thus, according to this first proposal, the downsizing would focus on core services, where 721 people work, as only 80 employees would be.
As for the branch network in the 1,576 working people, CaixaBank raises output of 479 employees, 130 of which in Madrid, Barcelona and 34 other remaining 315 from the rest of Spain. For now, CaixaBank has not disclosed what economic conditions provides for layoffs in its subsidiary and other aspects of adjustment, as many offices are expected to close.
Barclays Sources have confirmed to Efe these figures and have been assured that “with the aim of providing businesses Barclays Bank SAU the appropriate scale and turn them into an efficient and profitable activity, the new direction of the institution considers necessary to adjust the template to which the entity is economically viable and trusts reach a satisfactory agreement with labor representatives. “
CaixaBank closed on January 2 business purchase of Barclays in Spain amounting to 820 million euros, after obtaining all required regulatory approvals. The Catalan bank has acquired the business of retail banking, wealth management and corporate banking British institution in Spain.
So, Barclays Bank SAU is a new branch of CaixaBank Group, which incorporates 550,000 new network clients 262 and offices. The Barclays Group Barclaycard remain in Spain and the business of investment banking activities are not included in the operation
Information ABC of Spain
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