{"id":117360,"date":"2021-06-29T14:04:49","date_gmt":"2021-06-29T14:04:49","guid":{"rendered":"https:\/\/fin2me.com\/?p=117360"},"modified":"2021-06-29T14:04:49","modified_gmt":"2021-06-29T14:04:49","slug":"caixabank-offers-to-limit-job-losses-to-6750-as-staff-strike","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/caixabank-offers-to-limit-job-losses-to-6750-as-staff-strike\/","title":{"rendered":"Caixabank offers to limit job losses to 6,750 as staff strike"},"content":{"rendered":"
MADRID (Reuters) – Spain\u2019s Caixabank said it has offered to reduce its proposed job cuts by more than 1,500 to 6,750 as thousands of staff took part in another one-day strike on Tuesday.<\/p> Employees also protested in around 30 cities across Spain at the layoff plans, a spokesperson for Comisiones Obreras (CCOO) said, after Caixabank presented its latest offer to unions.<\/p>\n Caixabank said in April after it bought Bankia that it was planning to cut 8,291 jobs, one of the largest such culls in Spain, to adapt to clients moving online.<\/p>\n It has now offered to reduce that to 6,750, from 6,950 a week ago, while also improving compensation for those who leave the bank, Caixabank said in a statement.<\/p>\n Reaching an agreement with the unions is a key aspect of the Bankia deal, which is underpinned by annual cost savings of 770 million euros ($916 million) by 2023.<\/p>\n The CCOO wants any cuts to be made through voluntary redundancy and says layoffs should be limited to 6,300.<\/p>\n It is also calling for greater financial compensation.<\/p>\n The CCOO spokesperson said it was still too early to give an assessment of the bank\u2019s latest offer as talks, which had been expected to conclude on Tuesday, were ongoing.<\/p>\n CCOO said 90% of Caixabank\u2019s 5,552 branches in Spain were shut by the strike, although neither the bank nor CCOO said how many of its around 44,000 employees had taken part in it.<\/p>\n ($1 = 0.8408 euros)<\/p>\n