Home » Industrial relations » National industrial relations » Spain: BBVA signs agreement on staffing cuts demanded by Brussels after the banking group took over the Unnim Banc savings banks group Spain: BBVA signs agreement on staffing cuts demanded by Brussels after the banking group took over the Unnim Banc savings banks group The BBVA bank and the trade unions announced that they signed a draft agreement which should lead to a 40 percent staffing cut at the Unnim Banc savings bank. This is to comply with Brussels' requirements after the bank bought it for 1 euro in March 2012. In the agreement, which should be officially adopted within a few days, the management and trade unions have laid down that 1,218 people (over one third of the workforce) would leave by 2014. There will be several phases and no layoffs (voluntary leave, early retirement, posting, transfer). (Ref. 120632) Through . Published on 24 October 2012 Ă 10h36 - Update on 27 March 2013 Ă 16h19 Resources Unions are satisfied with the general conditions in which this difficult restructuring was negotiated. Indeed, the situation is complicated across the banking industry – specialists say 25 percent of Spanish banking agencies are bound to close within a few years. Context. Unnim Banc,… Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialitĂ©.NameThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels
