Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Ibercaja, a Spanish Bank, has launched a voluntary redundancy scheme targeting 100 employees aged between 60 and 62 (born between 1964 and 1966), as part of a strategy to promote generational renewal without resorting to a formal collective redundancy procedure. The plan, to be implemented in 2026, has generated considerable internal interest: of the 406 eligible employees, 198 have applied, almost doubling the number of places available.
The initiative was introduced unilaterally, without formal negotiation with trade union representatives. Priority will be given to the oldest employees within the eligible age range and to those who have accumulated at least 12 months of sick leave over the past two years, indicating that health-related factors also influence selection.
Participants will receive 75% of their annual gross fixed salary until the age of 63, with Ibercaja covering contributions to the special Social Security agreement to safeguard future pension rights. The bank has provisioned €9.7 million to finance the scheme, reflected in higher personnel costs for 2025. Despite the departures, Ibercaja’s overall workforce increased last year, signalling a strategic rebalancing rather than downsizing.
Eurofound (2026), Ibercaja, Internal restructuring in Spain, factsheet number 300090, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/300090.
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