The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.19 - Other Monetary Intermediation
1,225 jobs Number of planned job creations
Announcement Date
20 March 2024
Employment effect (start)
1 April 2024
Foreseen end date
31 December 2024
Description
The Spanish bank BBVA has announced plans to add 2,700 technology workers in 2024, 1,225 of which will be located in Spain for its headquarters in Madrid, Bilbao, and Barcelona. The move is part of the bank's digitalization strategy. BBVA's new employment portal, launched in 2023, will help the bank in attracting technological talent, including cybersecurity specialists, software developers, or data engineers from countries where the bank has a presence, such as the UK, Spain, Portugal, or the US.
To attract talent to the engineering area, BBVA offers a long-term professional career and a flexible work model, along with a commitment to 'the physical and mental well-being of all professionals.'
In 2023, BBVA hired 3,908 people with STEM ('Science, Technology, Engineering, Mathematics') or Engineering and Data profiles, of which 1,259 new hires were in Spain. In 2022, BBVA also hired new personnel BBVA-2022-ES
Eurofound (2024), BBVA, Business expansion in Spain, factsheet number 200970, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200970.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
