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BBVA has sent union representatives a new offer to agree on the terms of the ERE proposed by the bank, which initially affects 3,800 employees. The entity has reduced the proposed layoffs to 3,305 and improved the terms of the exits. The bank’s proposals have coincided with a day of mobilizations and stoppages by the staff.

According to union sources, the bank has also increased the number of employees who will go to remote management centers by 26 people, to a total of 493, so that the collective dismissal would affect 3,305 people.

For the affected workers, it has reduced the seniority requirement that requires early retirees from 15 years to 10 years and, above all, has opened the hand in early retirements, which will be offered from the age of 55. For workers between 50 and 55 years of age, a mixed mechanism is offered: the bank does not pay a salary (but instead an indemnity) but it does finance the contributions.

Thus, the proposed conditions are compensation of 20 days per year worked, with a limit of 12 months, for workers aged 63 or over at the end of 2021.

For people from 55 years to 62 years old, as of December 31, a pre-retirement is offered consisting of a temporary income of 70% of the current salary level, payable up to 63 years of age (minimum age for early retirement). The bank will also finance a special Social Security agreement up to the same age, with an annual revaluation of 1%.

For people between 50 and 54 years old, the bank raises an indemnity of 65% of the annual remuneration level multiplied by four, with a ceiling of 250,000 euros. Additionally, a temporary income is added that will finance the special Social Security agreement (without revaluation) and payable up to 61 years of age. Additionally, a premium for three years of seniority or fraction of 2,000 gross euros would be paid, plus another premium for seniority: for 15 or more years 15,000 gross euros, and 10,000 between 10 and 15 years.

For the rest of the workers, those under 50 years of age or those who do not meet the 10-year seniority requirement are offered 33 days per year with a limit of 20 months. In addition, a premium for three years or a fraction of 2,000 gross euros and another for seniority: 15 or more years will mean 15,000 gross euros and, between 10 and 15 years, 10,000. For employees in this section with more than five years of seniority the premium will be 5,000 gross euros.

On the other hand, the company also proposes to expand the transfers of people to be transferred to the remote management centers, from 467 to 493. It has also detailed the locations and the number of positions by territorial:

  • Center: 79 new positions and 4 coordinators are created in Tres Cantos.
  • Catalunya: A new center is created in Sabadell with 84 posts and 5 coordinators.
  • East: Centers are created in Valencia (Pintor Sorolla) with 11 posts and a coordinator, in Castellón (Trinidad) with 33 posts plus two coordinators and in Alicante (Rambla) with 20 posts plus a coordinator, in total 68 posts.
  • South: 95 posts and five coordinators for the center of Seville (Palmera).
  • North: Center in Bilbao (Gran Vía) with 14 positions and a coordinator and another in Zaragoza (Salamero) with 10 positions, to reach 25 positions.
  • Northwest: A center is created in Coruña (Canton) with 20 posts plus a coordinator; another in Valladolid with 27 posts plus two coordinators and in Oviedo with 20 posts plus a coordinator; in total, 71.
  • Canary Islands: A center is created in Las Palmas (León and Castillo) with 35 posts plus two coordinators and another in Tenerife (La Marina) with 19 posts plus a coordinator; total 57.

CCOO has positively valued the progress in the line proposed by the union, but has indicated that the bank “must take more steps to get closer to the conditions that the workforce deserves.” In this sense, it has warned that there are less than 15 days until the end of the negotiation and threatens a strike on June 2, which would be added to the partial work stoppages called.

This morning “hundreds of departments and branches with thousands of employees” throughout the territory have staged a partial strike from 9 to 10 hours. “Since the historic strikes in the banking sector in the 1980s, there had not been a follow-up of this type in BBVA,” the union highlighted, which has called a strike from 9 a.m. to 11 a.m. on May 31.


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