The bank is seeking solutions to deal with possible excess staff as part of a restructuring program and possible mergers in the Spanish financial sector. (Ref. 090593)
Propositions. The company proposes to pay 30% of the salary for 3-5 years to employees accepting a temporary suspension of their labor contracts with “guaranteed return.” The BBVA would pay for 30% of the basic annual income with a minimum of 12,000 euros (unless this amount is over 40% of the basic retribution).
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