Spanish cen bank launches early retirement scheme

SPAIN - Banco de Espana, Spain's central bank, is to offer an early retirement scheme to employees of 50 years of age or older who work at the 30 branches across Spain to be closed down.

Younger members of staff of the 30 branches will be transferred to the 22 regional offices which the central bank will continue to operate.

The central bank has also reached an agreement with Spanish trade unions regarding a voluntary early retirement scheme for members of staff of its Madrid-based headquarters

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