CaixaBank announced on November 27 in London its new strategic plan 2019-2021. This plan included as a novelty the closure of 821 branches over the next three years, bringing the number of offices, the largest in Spain, from 4,461 to 3,640 in 2021, 18% of the total. This policy of closures, explained yesterday to the unions, as well as the entire strategic plan, will entail, as is logical, an adjustment of the workforce.
In this meeting CaixaBank managers did not provide the different representatives of the unions with an exact figure of the workforce adjustment that will be carried out due to the closure of branches, although they did say that they would surpass 2,000 jobs.
Union sources explain that the figure will be between 2,200 to 2,500 jobs, although they clarify that the negotiations between both parties to carry out this adjustment will begin in January. This figure is proponionally much lower than that of branch closings, since it does not represent more than 8.5% of the total.
Between 2011 and 2018 some 14,000 employees have left the entity with union agreements, and have entered 6,000 after the acquisitions, according to the entity. And in the last three years the unions explain that the closing of branches has hovered around 200 per year.
Sources of the financial institution assure that work is still being carried out to fine-tune the surplus number of staff, so there are no specific numbers.
The unions, as they also remember in the entity, assure that all the processes of departures of personnel have been produced with agreements between both parties so that the losses are agreed through voluntary redundancies and early retirement, as in almost all cases.
Last week, in fact, the financial institution announced the departure of 122 employees who had adhered to the latest incentivized voluntary dismissal plan that the bank opened in November of this year.
These are employees from all over Spain born in 1961 or before they had not yet received previous editions of this plan, and who will receive 70% of the salary during the next six years.
During this time, CaixaBank will pay those individuals that percentage of the gross annual fixed remuneration received in the 12 months prior to the disengagement from the entity and the installments of a special agreement with the Social Security that these employees will subscribe to.
Union sources maintain that the most logical thing is for the next departures to take place in large cities such as Madrid, Barcelona, Seville and Valencia, which coincide with the cities in which the main networks of firms acquired by CaixaBank, such as CaixaGirona, Banca were concentrated. Civic, Deutsche Bank and Banco de Valencia (now its head office).
The restructuring that CaixaBank will carry out will almost coincide with the one that Santander will start after absorbing the Popular network, or that of Unicaja and Liberbank, in the process of merging. Both in the case of the entity chaired by Ana Botín and in the foreseeable result of the merger of Unicaja and Liberbank, the figures that are being calculated amount to some 3,000 employees in both cases, although of this figure, the two former savings they have agreed to the departure of about 1,000 workers.
CaixaBank and the rural ones. Despite the closures it has announced, it will maintain the 1,100 offices that the entity currently has in its rural network in Spain, and not abandon any municipality with more than 10,000 inhabitants.