The Government puts pressure on CaixaBank so that its ERE does not start a wave of layoffs in large companies

The Executive trusts that the negotiations with the unions will considerably reduce the number of dismissals.

The second vice president of the Government, Nadia Calviño, answers the question of the spokesperson of the Vox Parliamentary Group

The ERE of CaixaBank that foresees the departure of almost 8,300 employees has generated great concern in the government. In the team of Pedro Sanchez it was known that the fusion of CaixaBank with Bankia it would inevitably lead to layoffs, but they did not imagine the high magnitude of them, nor the unfavorable conditions in which they arose.

In Moncloa They also fear that an approval of this file, in the conditions outlined and in the numbers presented, generate a wave of ‘macro ERE’ in other large Spanish companies and in sectors such as banking, tourism or distribution.

Therefore, they have launched a campaign to pressure CaixaBank led by the second vice president, Nadia Calvin, and with the help of leaders from United We Can, so that the entity not only considerably reduces layoffs, but also to dissuade other companies that may be thinking of carrying out ERE with these magnitudes.

If an ERE is approved for more than 8,300 people, nothing guarantees that other large companies in the Ibex 35 they launch themselves into similar files. A situation that Moncloa wants to avoid because it could jeopardize the social peace that ERTE has managed to maintain based on, aid to companies and different measures to mitigate the impact of the Covid.

The good relationship that exists between the Executive and large companies could also be put at risk. A period in which dialogue has predominated, but which is in danger if it is finally CaixaBank and other companies in the future carry out this type of ERE.

Calviño’s statements

A discontent that has been expressed by the second vice-president and minister of Economic Affairs. This Wednesday he called on the banks to “act responsibly” and 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.”

Calvin 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. Along these lines, he also launched a harsh attack against the remuneration policy of the sector, describing as “unacceptable” the “high salaries and bonuses paid to managers of the entities”.

The vice president has rarely been seen Calvin making such direct statements and attacking remuneration policies of a sector, a situation that has surprised by the harshness of their approaches.

At Ministry of Economic Affairs They do not feel comfortable with the ERE or with the files that have been presented in the bank because it is considered that they go against the protection shield that they have created throughout the Covid, making a great investment effort with public resources and approving measures to protect employment, such as ERTE.

The Government also warns that in a future in which 140,000 million European funds will be received, massive ERE threatens economic reconstruction.

United We Can Pressures

A message that shares the most purple part of the government. In fact, as Invertia published, initially from United we can the position was defended that “the State asserts its participation in CaixaBank so that the ERE does not continue”.

However, this action is not possible, since the Executive over has 16% of the bank. Thus, Nacho Alvarez, economic ‘guru’ of training and secretary of State of Social Rights, toned down his reaction on social media.

“The representation of the State in the Council of the entity cannot passively agree to this decision, but must use its participation to promote a change in the attitude of the management, defending employment and the public interest,” he said. Alvarez on your Twitter profile.

In a video, remember that “in United we can we said that the fusion of Bankia and CaixaBank It was worrying news and, unfortunately, time has proved us right. The State must use its participation in the entity to defend employment and the public interest ”.

Indeed, the Executive can do nothing to stop the ERE that is already endorsed by the directors of the new CaixaBank and that is why they have chosen to send “messages” to the bank to reduce its ERE.

Work Resolution

This path includes waiting for the negotiation of the file with the unions to be resolved, within which the government He expects the 8,300 layoffs to be considerably reduced, as well as the layoff conditions that include 20 days per year worked.

The Executive believes that the figure is excessive and that it far exceeds other similar procedures such as the ERE of The English Court, which resulted in 3,000 layoffs, or the last of Santander, which resulted in 3,500 departures.

A figure that has also caught the unions by surprise, who consider the conditions put on the table by the management “devastating”. The workers’ representatives were aware that the merger would imply a personnel adjustment, but they did not imagine that it could affect so many workers. “There are not 8,000 colleagues left over, we were thinking of a maximum of 5,000 “a union source that is part of the negotiating table explains to Invertia.

Along these lines, if the labor unions finally CaixaBank they do not reach an agreement with the bank, the last word is Ministry of Labor, which is the entity that must always approve the ERE. In any case, the Executive trusts not to reach this last scenario, although this letter is reserved to act in an extreme case.

The one of CaixaBank, with its nearly 8,300 projected layoffs, is going to be the largest ERE of the history of banking, but it is not by far the first that has brought the pandemic. BBVA This week begins the negotiation of what will be its first collective dismissal, which may affect around 3,000 people, according to unofficial calculations.

ERE on the bench

For its part, Santander last December the negotiation of the third ERE that has been launched in the last four years closed. This procedure, which will be carried out in 2021, involves the departure of 3,572 workers.

On the same dates, Sabadell negotiated the departure of 1,800 employees, but not through an ERE, but the chosen formula was the route of early retirement. Ibercaja, for its part, will apply this year a collective dismissal for 750 employees on which it already has an agreement with the unions.

These five procedures will not be the only ones that the pandemic brings. Unicaja, which, in principle, will close its merger with Liberbank next June, it will undertake a new adjustment that, according to Manuel Azuaga, its president, a few weeks ago, will try to obtain the best possible agreement with the workers’ representatives.