Latest News

The Canadian Press - ONLINE EDITION

Spanish banks meet unions to discuss huge layoffs, protests planned

By: The Associated Press

Posted: 01/9/2013 5:17 AM | Comments: 0

MADRID - Representatives of two of Spain's biggest banks are meeting with labour unions to discuss massive layoffs, hours ahead of protests by bank workers in seven cities.

Officials of Bankia, the nationalized lender which has received a bailout of €18 billion ($24 billion) from the 17 European Union countries that use the euro, met unions Wednesday to negotiate shedding some 6,000 staff. Unions representing Bankia workers have called evening protests in Madrid and six other cities.

Santander, Spain's biggest bank, was also to hold talks with unions to discuss restructuring following its absorption of sister bank Banesto. Unions fear the plan could affect some 3,000 workers.

The talks came a day after the European Union said Spain's unemployment rate in November was 26. 6 per cent, the highest in the region.

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.

* Required

In which story did you find the error? *
Please post the headline of the story or the title of the video with the error.
What was the error? *
Please post exactly what was wrong with the story.
What should we have written?
Please indicate your source for the correct information.
Who else should we interview to improve this story?
Please include any contact information you may have.
Can we contact you in the future for advice on stories about this topic?
Yes

No
First Name: *
Last Name: *
E–mail Address: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Phone: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Colour:
Are you blue? If you can see this, leave it blank and get some CSS support.
Enter the words that you see: * This is to prevent our forms from being filled out automatically.
You have failed to correctly identify the words in the box above. Please try again.

More Latest News

Undock

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.