Bankia (BKIA.MC), 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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(END) Dow Jones Newswires
November 13, 2012 19:15 ET (00:15 GMT)
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