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Spain's Bankia to cut 6000 jobs amid recession concerns for Q4
Bankia’s headquarters in Madrid
Spain’s nationalized Bankia says it plans to cut 6,000 jobs by laying off about 28 percent of its staff over the next three years.
The announcement on Wednesday follows a preliminary report on Madrid’s overall economy by the Spanish Central Bank suggesting that the country’s job-killing recession is expected to persist into the final quarter of 2012.
Bankia’s...