BBVA presents an ERE for 3,800 employees and wants to close 530 branches

This staff cut comes just a few days after CaixaBank has raised the largest collective dismissal in the history of banking.

BBVA headquarters.

BBVA has presented to the unions its initial proposal for the Record of employment regulation (ERE) that will be launched in the coming months. The approach involves cutting 3,798 jobs and closing 530 offices, according to Invertia.

This figure is equivalent to 16% of the workforce affected by the perimeter of the adjustment, which corresponds to BBVA SA and is made up of 23,300 workers. In addition, it is equivalent to 13% of the total workforce that the bank has in Spain, also counting other companies.

Most of the cutbacks will take place in the offices, from which about 3,025 employees will leave. As for the rest, 258 casualties will occur in the central services, 155 in the intermediate structures and 360 in the corporate center.

Cut of offices

Regarding the offices, the biggest cut will take place in Catalonia, where 204 branches will close, followed by the Downtown area (Madrid and Castilla-La Mancha), with 101 closings; South (Andalusia, Extremadura, Ceuta and Melilla), with 76; Northwest (Galicia, Asturias and Castilla y León), with 59; North (Euskadi, Cantabria, Navarra, La Rioja and Aragon), with 41; East (Valencia, Balearic Islands and Murcia), with 35, and the Canary Islands, with 14.

The management and the unions began this Thursday the negotiation for the implementation of the ERE that BBVA announced to its employees a few days ago. At today’s meeting, the bank presented to the unions the technical report on which it is based to calculate the necessary adjustment after setting up the negotiating table last Friday.

Union sources cross out “Unsustainable and scandalous” the termination approach proposed by BBVA, as they consider that “it is far from everything that the bank has wanted the staff to believe”.

This proposal comes just two days after CaixaBank presented the unions with the largest collective dismissal in the history of banking, which will affect 8,291 workers, 18% of its workforce in Spain.

The bank held its general shareholders’ meeting last Tuesday, in which the president, Carlos Torres, justified the implementation of this adjustment as “necessary” to guarantee the viability of the entity in the future within the framework of the transformation that the sector is undergoing, mainly due to the digitization.