BBVA considers cutting 3,000 jobs in Spain, says Expansión By Reuters

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© Reuters. The BBVA bank logo appears in Bogotá

MADRID (Reuters) – Spanish bank BBVA (MC 🙂 is considering cutting about 3,000 jobs in its local market, or about 10% of its payroll there, newspaper Expansión reported on Wednesday, citing sources with knowledge of the situation. . BBVA declined to comment on the report. Last month, the bank’s chief executive, Onur Genc, ​​told analysts that the lender was considering implementing cost reduction plans in low-growth geographies, “including a rapid restructuring program (in Spain)” in 2021. .

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