Abanca workers carry out a strike this Thursday for the "brutal loss of purchasing power"

by Marcus Liu - Business Editor
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The template bank has started a strike this Thursday, called by the unions CIG y ASCA. The workers are protesting the “brutal loss of purchasing power” they have suffered since 2010, while the company “made profits in September 429 million euros“.

Workers’ associations have also called for a demonstration in La Coruna which will take place at 11:00 am and will depart from the Obelisk.

The unions thus want to “demand that the multimillion-dollar benefits are not at the cost of maintaining the harsh cuts that the entity imposed on personnel during the years of financial crisis.” Furthermore, they criticize that by “tripling” the profits of the previous year, Abanca “intends to maintain indefinitely the working conditions implemented through successive ERE justified by the financial crisis”.

Other of their demands point directly to the recovery of quality work and equality with workers in other banking entities. “Staff work later and for more months than in other entities due to the lowest salaries in the financial sector,” they protest.

They also consider that jobs are being destroyed due to the increasing commitment to temporality “through the use of internship contracts to cover structural positions.” “This caused a precarious employment and working conditions of these personnel, who often moved their offices away from their place of residence.”

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