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Servihabitat Applies an ERTE for Between 20% and 50% of its Workforce

23 April 2020 – Brainsre.news

The servicer is going to apply a cut of 20% for two thirds of the workforce for six months, and of 50% for the remaining third for three months and of 20% the following quarter.

The manager Servihabitat, which is owned by Lone Star (80%) and CaixaBank (20%), closed an agreement with its workforce at the weekend to apply a temporary employment regulation file (ERTE) of between 20% and 50%. The real estate platform will pay a supplement so that all of its employees receive between 70% and 90% of their gross salaries, according to El Confidencial.

Servihabitat, one of the largest servicers in Spain, has been the entity that has taken the greatest employment measures to adjust to the economic shutdown. The company has about 800 employees. Intrum, the owner of the former Aktua, Lindorff and Solvia, is also conducting an ERTE for 600 professionals.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake