01 July 2021 07:31 PM

Caixabank to layoff 13% of staff following agreement with unions

6,452 workers will lose their job, down from 8,291 as initially planned

Bank intends to close 530 offices, a few days after Caixabank revealed 754 people would be made redundant in Catalonia

Financial institution intends to close 1,534 offices across Spain

Acquisition will see companies create the biggest financial institution in Spain with €650 billion in assets

What percentage of the new bank’s assets will each group own

Boards of directors set to greenlight plan to create financial institution worth around €650bn on Thursday

Both the Catalan entity and the financial institution partly owned by the Spanish government are part of Spain's top 4 banks

Both the entity with Catalan origins and the financial institution partly owned by the Spanish government are part of Spain's top 4 banks

CaixaBank and Banc Sabadell make 67% and 72% less in the first half of 2020, while Catalan GDP falls 20.1%

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