Type
Internal restructuring
Country
Spain
Region
Comunidad de Madrid;
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.11 - Central banking

600 jobs
Number of planned job losses
Job loss
Announcement Date
10 August 2005
Employment effect (start)
Foreseen end date

Description

The second largest bank of Spain, BBVA (Banco Bilbao Vizcaya Argentaria) will present a job reduction plan creating 600 redundancies out of 30,760 employees. The plan includes early retirement measures.


Sources

  • 10 August 2005: El PaĆ­s

Citation

Eurofound (2005), Banco Bilbao Vizcaya Argentaria, Internal restructuring in Spain, factsheet number 62098, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62098.