EREs and early retirements mark the worst year for employment in banking
Spain has gone from having
88 financial entities
in 2008 with a workforce of
276,497 workers
to having, at the end of 2020,
10 banking groups that employ 160,000 people.
This has caused, as reported by the CCOO on Tuesday, an overload of work for employees and poorer customer service.
Today the country has
23,673 bank branches less
than fourteen years ago and
105,000 fewer workers
, despite the fact that
the population has grown by one million people
and, predictably, the number of bank customers as well.
Despite the fact that the data is at the end of 2020, in
2021
there has been the voluntary departure of another
18,000 professionals:
3,572 from
Banco Santander,
6,452 from
CaixaBank
, 2,935 from
BBVA
, 3,405 from
Banco Sabadell
and 1,513 from
Unicaja
, the union has denounced .
Between 2008 and 2020,
banking entities lost 38% of their workforce
,
twice
as much as those of
European banks,
which today have 19.6% fewer employees.
"This process
has substantially increased the care load
-inhabitants to be served by each worker in the sector-, from
167.2 inhabitants in 2008
to
276.1 in 2020
, well above the 186.5 in the Eurozone , and on the way to exceeding the figure of 300, if there is not a sufficient replacement rate," warned the organization led by
Unai Sordo.
After the departures of 2021, the replacement rates stand at 7%, calculating the entry of only 1,300 new workers.
His report has been presented after Carlos, a 78-year-old man from Valencia, gained national fame in January after publishing on Change.org a collection of signatures to get face-to-face attention at banks.
The uproar was such that he even met with the first vice president, Nadia Calviño.
4,500 municipalities without branches
According to data released this Tuesday by the CCOO, the cutback in personnel in the sector has been parallel to the
decrease in offices,
since the country has gone from having
10 offices for every 10,000 inhabitants in 2008 to 4.7 in 2020
.
The communities in which there have been more closures are Catalonia, Castilla y León, Galicia and Asturias.
At the end of 2021, there are
4,500 municipalities
in Spain -accommodating 3.5% of the population- in
which there is no bank branch.
"This reduction occurs at a time when it
is strategic for credit to flow
both due to the allocation of resources that we are going to have to manage by the
Next Generation funds
and the associated funds that may be raised. And more so at a time when it seems that
monetary policy is going to tighten
due to the geostrategic situation and inflation, and there may be
bottlenecks in the financing of the private sector,
at a time when investments are going to be needed for the digitization and transformation of the economy", explained the CCOO spokesman.
These branch closures and staff reduction have caused
the five largest entities to now concentrate 66.4% of the market share
in the country, also above the evolution of the Eurozone.
The lower number of personnel per number of inhabitants, the lower proximity -because there are fewer branches- and the fall in competition -because there is more concentration- have caused
Spain
to be
the EU country that has reduced its Potential Granting Ratio the most of Credit
(the probabilities of granting loans), only surpassed by Greece and Cyprus.
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CCOO
Nadia Calvino
CaixaBank