Caixabank to shed over 8000 staff

CaixaBank is planning over 8000 job cuts and the closure of 1530 branches following its merger with Bankia. The cuts, branded as "savage" by union representatives, will reduce employee numbers by 18.7% to 36,109, down from 44,000. The branch closures will hit a quarter of the combined banking network. Caixabank...