Unicaja Bank has proposed a reduction of 1,513 jobs and the closure of 395 offices, which is equivalent to 16.5 percent of the total of the staff and 27 percent of the branch network after the integration of Liberbank, according to reported
Union sources of the meeting of the negotiating table celebrated on Tuesday.

The appointment of this Tuesday has been the second of the informal period of consultations, prior to the formal period of negotiation of the employment regulation file (ERE).

The Bank has exposed that the causes that lead you to make the use of employment and offices are the deterioration of the business, the descent of the margin of interest, the digitalization of the banking and the negative interest rates.

According to the Independent Independent Union, the surplus identified by the company amounts to 1,950 employees, although there are a total of 437 unique workers pending with output commitments, so excluding that collective the total affected jobs amount to 1,513.

Template reduction will affect the employment workers more than a greater extent.
Specifically, Unicaja Banco has raised a reduction of 1,005 jobs in the Office Network and 508 jobs in central services.

According to labor representatives, Unicaja Banco has communicated during the meeting its intention to apply geographical mobility, to preserve the maximum possible jobs, and to harmonize working conditions among UNICAJAB BANK employees and those from Liberbank, but not incurred
In more costs.

He has also announced the closure of 395 offices, of the total of 1,450 he currently has.

During the negotiation, workers’ representatives will ensure the maintenance of employment quality, that outputs and measures affect at least number of possible persons, which are voluntary and that the conditions of the template are homologated without reduction of the conditions
Labor for any collective.

“From UGT we oppose any process that entails non-voluntary outputs and demand that colleagues at agreed leave compensated from Libbank are included in these numbers,” have pointed out from that union.

Unicaja Banco legally integrated on July 30 to Liberbank, an operation that has resulted in the fifth largest Spanish banking entity, with assets close to 113,000 million euros and more than 4.5 million customers.

According to the merger plan, the efficiency ratio will be placed around 50 percent and the profitability will reach at least 6 percent in terms of ROTE EN 2023, while the synergies will reach 192 million euros per year, fully
from 2023.

The Chief Executive Director of UNICAJA, Manuel Menéndez, said last week at a financial meeting held in Madrid that the assessment of the merger operation was “very positive” and that all the synergies foreseen in the initial moments, which is
Add others related to costs.