Agence France-PresseFebruary 25, 2013 10:01
CaixaBank, Spain's biggest bank as measured by assets under management, said Monday it plans to slash around 3,000 jobs as part of a restructuring.
The Barcelona-based bank said the restructuring was needed following the purchase of smaller rivals Banca Civica and Banco de Valencia which has caused its staffing levels to soar.
"The implementation of this restructuring will affect some 3,000 employees," it said in a statement.
CaixaBank bought Banca Civica and rescued lender Banco de Valencia last year, although the latter has not yet been fully integrated.