BBVA weighs cutting around 3,000 jobs in Spain, Expansion says
Reuters
Published Feb 24, 2021 03:11AM ET
MADRID (Reuters) - Spanish bank BBVA (MC:BBVA) is considering cutting around 3,000 jobs in its home market, or around 10% of its payroll there, newspaper Expansion reported on Wednesday, citing sources with knowledge of the situation.
BBVA declined to comment on the report.
Last month, the bank's chief executive officer Onur Genc told analysts that the lender was looking into implementing cost-cutting plans in low growth geographies, "including a fast restructuring programme (in Spain)" in 2021.
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Written By: Reuters
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