The Vice President of Economic Affairs, Nadia Calviño, called this Wednesday CaixaBank and banks in general to “act responsibly” after the ERE announced by this entity for 8,291 workers. Calviño has affirmed that the Government will “continue to indicate, clearly marking, a line that, now that a negotiation process is opening, minimizes the negative impact on employment.”
Speaking to the media in Congress, after attending the control session of the Government in the Lower House, Calviño assured that, given the challenges facing the sector, the Government has been urging for three years to “Actively seek and work on alternatives” and “do everything possible” to avoid layoffs.
On the other hand, the second vice president of the Government has described as “unacceptable” the “high salaries and bonuses paid to executives of the entities”, and has assured that it is “a concern” that the Government has transferred during all this time both to the own entities such as the Bank of Spain.
“It is about remunerations that do not correspond at all with the economic situation of our country, and even less so in entities that are announcing heavy cuts in personnel and office closures,” he asserted.
Loss of human capital
Calviño has recognized that the financial sector “is immersed in a restructuring process” due to its “situation of loss of profitability”, in the face of “challenges” derived from low interest rates, digitization or growing competition.
For this reason, he has ensured that during these years they have been “warning” of the need to “adopt certain measures to change the course of the entities and the sector as a whole” that “minimize the negative impact on employment”.
“That is the line that we will continue to have. I believe that entities and the financial sector as a whole must act responsibly and try to find all possible alternatives, “urged the vice president, ensuring that the expected job destruction involves” a loss of value and human capital that Spain simply does not can afford ”.
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