3 Jun, 2021 @ 18:10
1 min read

BBVA bank bosses in Spain offer to cut compulsory job losses after one-day strike

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

THE BBVA bank has reduced planned compulsory redundancies in a last-minute bid to strike a deal with the CCOO union.

Formal talks are due to finish tomorrow(June 4).

Spain’s second-largest bank has now cut the initial 3,798 lay-off figure to 2,935 after a one-day protest strike involving its 20,000 employees yesterday(June 2).

That’s an improvement on its previous offer to cut the losses to 3,300 redundancies.

The CCOO said it was positive news but needed to work out the exact details of what the bank has laid on the table.

It prefers to sanction cuts via early retirement and voluntary departures.

The union also wants better financial pay-offs for people who are forced to leave.

In April, the BBVA announced a workforce pruning and the closing of a quarter of its branches.

It said the move was down to more people using online banking, and follows suit with other Spanish banks.

READ MORE BANKS IN SPAIN CLOSE BRANCHES AND SHED 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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