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Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents
Provider: Thomson Reuters StreetEvents
Provider: Directors Deals Ltd.

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Workers At Bankia SA Plan Strikes Over Planned Layoffs-DJ

Friday, 18 Jan 2013 08:22am EST 

Dow Jones reported that the Labor Unions at Bankia SA are threatening to strike over thousands of planned layoffs. In 2012 Bankia SA outlined plans to shed 6,000 jobs and shut 1,000 branches in a bid to return to profitability. The unions want the banks to look at other formulas than layoffs, such as early retirements, buyouts and salary cuts by the remaining workers. 

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0.0060 +0.41%
20 Aug 2014