Expansion / The entity is expected to trim 2.900 jobs and close 302 branches to boost profitability.
people’s Bank and the unions are scheduled to meet again this Tuesday to continue negotiating the conditions of the ERE that the bank is going to apply.
At the last meeting, the company announced to the workers ‘ representatives of his intention to carry out a remodelling of the structure of the commercial network with the aim of improving the profitability and efficiency of the same and adapt it to the Business Plan 2016-2018.
the people’s Bank indicated that, within the framework of the process of rearrangement that is being taken by the bank, is to be remodeled the structure, which will “improve agility and simplify administrative processes that currently occur at the branch offices, allowing in addition to improve the time to care of business”.
Thus, the territorial divisions are reduced to: Andalusia, Catalonia and the Balearic islands, Centre, East, North, and Shepherd (in addition Portugal). Also be merged into 14 regional directorates, leaving the total at 25.
Closure of 302 offices These changes will be completed with the reduction of 302 branches, which, for reasons of proximity or cost-effectiveness is integrated into other already existing.
in Addition, and as a result of the separation carried out between the main business and real estate, will create four new regional directorates (Cataluña-Levante, Andalusia, Centro and Norte), which are responsible for the management of the latter, as well as other non-productive assets.
“These changes will be materialized gradually in the time trying to acompasarlos with the implementation of the process-reordering of template that in these moments we are negotiating with the representation of the bank’s employees”, he said.
With this restructuring, explains the bank, Popular is facing “a new stage in which, while maintaining its business model and independence, a commitment to a management bonus to the profitability and specialization”.
CCOO demanded “consistency” to the address of Banco Popular and the entity to remain independent in the financial system, if well considered, that the outputs advertised “removed the real possibilities of development of business”.
UGT plans to continue on with their protests and has called on the workers on the 13th of October.
Popular, and the unions meet again today to negotiate the plan of adjustment
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