Financial and insurance activities
64.1 - Monetary intermediation
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Planned Job Creation:
Other Job Reduction Measures:
BBVA is undertaking an internal restructuring process. The objective of this restructuring is to separate private banking from business banking, thereby reducing the regional branches from eleven to seven. As a consequence of this reduction 750 employees will be put on preretirement.
Meanwhile another 1000 jobs will be created in the sales department.