Bankia Layoff 5,000 employees

Bankia , Spain's fourth-largest bank, is close to announcing layoffs of 25% of its workforce, or around 5,000 employees, reports El Mundo in its Wednesday Internet edition.

The layoffs will be part of a plan to make the lender more competitive, the newspaper adds.

Newspaper website: www.elmundo.es

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Regard

Ghinie

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