Layoffs are being experienced in a majority of sectors, and banking is no exception. However, when workers go ahead with their decision to strike work at three of Spain’s bailed-out banks in coming weeks to express their protest against may layoffs, that might lead to unrest in the banking sector, which is not used to walkouts so far. While Spain had to request Europe for up to 100 billion euros to help its weakest banks in 2012, four of the lenders it took over, including Bankia, have to resort to mass layoffs.
Read the full article here:
Spain banks to strike as they face mass layoffs