BBVA is preparing an ERE with which it plans to cut
3,000 jobs
in Spain, which would represent 10% of its workforce.
The bank wants to carry out an adjustment plan in the first half of the year to reduce its costs.
The group had already opened the door to this possibility at the end of January, although until then they had denied their intention to do so.
However, "the changing needs of the business" forced to study all the possibilities.
According to Expansión, the company has not yet begun to negotiate with the unions the scope of the measure, with which they intend to save about 125 million euros per year, although it is expected to start doing so in the coming weeks.
The cost of the adjustment plan would be around 300 million euros.
According to Sabadell estimates collected by Efe, the savings of 178 million in gross costs would be equivalent to 6% of costs in Spain.
However, the plan could go beyond the ERE itself.
These layoffs are expected to reach both central services and the network of 2,482 offices that the bank had in Spain at the end of 2020.
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