Spain’s BBVA to cut 2,935 jobs in Spain, union says By Reuters
MADRID (Reuters) - BBVA (MC:BBVA) has reached an agreement with unions to lay off 2,935 employees in Spain, around 12% of its banking workforce in its home market, the Comisiones Obreras (CCOO) union said on Tuesday. In April, BBVA said it was initially planning to cut 3,798 jobs and close 530 branches, almost a quarter of its offices, to adapt to a customer shift towards online banking. On Tuesday, a spokesman for CCOO said that the lender had also agreed to reduce the number of branches affected to 480. BBVA declined to comment. CCOO said in...
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