27 May, 2021 @ 20:00
1 min read

Workers at Spain’s BBVA bank will strike next week over redundancy plans

BBVA bank bosses in Spain to reduce compulsory redundacies after one-day strike
A branch of Sabadell bank in Spain. The Spanish banks BBVA and Sabadell scrap merger talks over price dispute only two weeks after their first announcement. Picture date: Friday November 27, 2020. Photo credit: Isabel Infantes/EMPICS

EMPLOYEES at the BBVA bank, the second largest in Spain, are set to strike on June 2 in protest over planned job losses and branch closures.

The CCOO union has asked 20,000 BBVA workers to withdraw their labour next Wednesday after talks with bank management failed to reach an agreement.

Last January, the BBVA signalled its intentions to introduce cost-cutting measures, similar to other Spanish banks.

It’s net-profit fell by almost a half in the last three months of 2020.

It formally announced plans last month to sack 3,800 employees with the closure of nearly a quarter of its branches.

The BBVA said it was responding to the increased use of online banking.

The CCOO union has another meeting scheduled with the bank next week, but is not hopeful of any kind of an acceptable deal.

A spokesman said: “Negotiations with the bank have not progressed over lay-off plans and we are formally calling a strike on June 2.”

The BBVA recently offered to take down the redundancy figure to 3,300 people.

The union says that number is still too high and want cuts via early retirement and voluntary departures.

It’s also demanding better financial pay-offs for people who are forced to leave.

Formal talks are set to end on June 4

READ MORE MASSIVE CAIXABANK BRANCH CLOSURES AFTER BANKIA MERGER

BANKS IN SPAIN CONTINUE TO SHED BRANCHES AND JOBS

Alex Trelinski

Alex worked for 30 years for the BBC as a presenter, producer and manager. He covered a variety of areas specialising in sport, news and politics. After moving to the Costa Blanca over a decade ago, he edited a newspaper for 5 years and worked on local radio.

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