BBVA justifies its ERE due to lower profits and organizational reasons

BBVA’s management and the bank’s union representatives have set up the negotiating table to address the entity’s first Employment Regulation File (ERE), which will affect only the bank in Spain.

In this first meeting, the financial institution has not provided any figure on the number of people affected by the ERE, something that was already expected, although they have explained the reasons that have led to the decision to address a staff adjustment and closure of offices. In this way, the collective dismissal will be sustained by economic, productive and organizational reasons derived from the digital transformation. And among the economic reasons the bank has argued the continued decline in profits.

Union sources assure that, despite the fact that the process has legal support, they do not agree on the motivations, “and we have shown our total disagreement with it.” To add, according to CC OO, “if the reasons are economic, we hope that this will also have an effect on the salaries of the management team and its variables.”

The previous consultation period, which is starting now, will be extended at least fifteen days and later it will give way to negotiations formalities that could lead to the departure of some 4,000 employees, a figure 1,000 jobs higher than that agreed by analysts.

2021 will be another difficult year for workers banking, and not only because of the coronavirus crisis, the duplicities that will generate the mergers that are coming or the low interest rates, if not due to the great acceleration that digitization has registered, which was already unstoppable before the pandemic and affecting employment.

The figures for the exits of employees from the sector this year, if we add those planned now, with those approved last year, but have been executed in these months, could be close to 20,000 layoffs.

And it is that, to those possible 4,000 BBVA employees would be added the 4,322 casualties planned for this year in the companies that are running Santander and Ibercaja, and also the 1,800 that departures from Banco Sabadell, a figure that could be repeated this year. Added to this are the 7,000 or 8,000 layoffs at CaixaBank.

BBVA’s negotiating table will be made up of 13 members: five representatives from
CCOO, three from ACB, two from CGT and UGT, respectively, and one from SEC. Minorities may attend, but without vote and with a single spokesperson.

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