BBVA hires Randstad to relocate employees affected by the ERE

The contract is for one year, but can be extended to two and a half, and implies a commitment to relocate those affected with permanent contracts and self-employment projects.

BBVA has hired Randstad to carry out the relocation plan for the workers who are affected by the Record of employment regulation (ERE) that the bank is negotiating with the unions and that, in principle, will affect 3,798 employees, 13% of its workforce in Spain.

The plan contemplates the relocation of these workers in external companies with permanent contracts or with self-employment projects. BBVA is committed to ensuring that 100% of those affected find work through this program, therefore, although the initial duration of the plan is one year, can be extended to two and a half (compared to the half year required by law).

This is what the bank has made known to the unions, as Invertia has learned, during the meeting that was held this Tuesday, the second after a first meeting last Thursday, in which BBVA put on the table its initial proposal for the setting, which contemplates the departure of 3,798 employees, 13% of its workforce in Spain, and the closure of 530 offices.


The plan contemplates different programs to which each affected person can freely adhere according to their interests and professional preferences (self-employment, self-employment or long-term training).

It is a program specifically designed for BBVA, for which a training platform will be created, in which individual training sessions will be offered. professional coaching combined with specialized workshops and seminars. Those over 45 years of age and those who only want to prepare for retirement will also have a fit in this plan with specific measures.

It is an initiative that banks tend to launch after strong employment adjustments. CaixaBank, which is also currently negotiating its own ERE, announced a few days ago that it would launch a plan to relocate all the employees affected by the adjustment.

The negotiation of both EREs has been peppered these days by multiple statements by members of the Government, especially Nadia Calvin, economic vice president, on the need to minimize the impact of the adjustments and their criticisms of the “high salaries” of bank executives, which the Government is already considering putting a stop to, for which it is resorting to supervisors.