Unicaja Banco held today in Malaga a meeting with the Legal Representation of Employees (RLT), starting, within the labour negotiation process following the merger with Liberbank, the formal consultation period, as established in articles 51, 40 and 41 of the Workers’ Statute.
At the meeting, the Negotiation Committee has been established and the bank has delivered the compulsory documents required by the laws. A calendar of meetings has been set, with meetings to be held on 10, 16, 17, 23 and 24 November, and on 1 and 2 December.
The institution’s Management maintains its offer of dialogue and negotiation with the RLT to find measures that allow the parties to advance in the negotiation to reach an agreement and to give response to the causes behind this process (improvement of the Bank’s profitability and efficiency, elimination of overlaps, duplicities and inefficiencies, and adaptation of the structure to the current context) and also to the goals and principles it is based on.
In general, this process responds to the achievement of the bank’s strategic goals set in the draft merger terms, and falls within the sector trends in a complex and challenging environment. The process seeks, among other factors, to improve the bank’s profitability and efficiency (by eliminating overlaps and benefiting from scale economies), to adapt its structure to the current context –characterised by a general transformation of the financial system-, to achieve the synergies foreseen in the draft merger terms, as well as to preserve a competitive market position. All of the above while having as a goal the bank’s future sustainability.
Unicaja Banco’s labour negotiation process started its informal period on 22 September, with meetings held on 5, 14, 15 and 27 October. (Further information on the following links: 5 October, 14 October, 15 October, 20 October and 27 October).