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BRIEF-Spain's Banco Popular to spend around 375 million euros on job cuts
November 7, 2016 / 6:42 AM / 9 months ago

BRIEF-Spain's Banco Popular to spend around 375 million euros on job cuts

Nov 7 (Reuters) - Banco Popular Espanol SA :

* Said on Sunday estimates that restructuring of its workforce will cost around 375 million euros ($415 million)

* Reaches an agreement with unions to let go up to 2,592 employees

* Estimates cost reduction for the group to reach between 175 and 200 million euros annually

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