The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial / Insurance/ Estate Financial service activities, except insurance and pension funding Monetary intermediation 64.19 - Other monetary intermediation
1,100 jobs Number of planned job creations
Announcement Date
27 January 2025
Employment effect (start)
16 February 2025
Foreseen end date
31 December 2025
Description
The Spanish Bank BBVA is planning to hire 1,100 new technology and data professionals in 2025.
According to the Bank, digitisation has been a cornerstone of its strategy for over a decade, which involved transforming processes and technology. The Bank has thus added 10,100 new technology and data professionals to its workforce over the past three years, primarily engineers, mathematicians, experts in artificial intelligence, cybersecurity and data management, among other digital specialities. The new hires will bring the total workforce dedicated to these functions to 20,000 people, representing approximately 16% of the Bank's current total workforce.
The most sought-after profiles in the engineering area continue to be software developers and data engineers, followed by specialists in security, infrastructure and architecture. In this strategy to strengthen technological talent, BBVA did launch a new global Software Development division at the end of 2021, and in 2023, the Bank launched the ONE project, in which engineers work in a more collaborative, coordinated way and sharing the best practices of the Bank and the industry.
In 2024, BBVA hired 3,908 people with STEM ('Science, Technology, Engineering, Mathematics') or Engineering and Data profiles, of which 1,259 new hires were in Spain BBVA-2024-ES. In 2022, BBVA also hired new personnel BBVA-2022-ES
Eurofound (2025), BBVA, Business expansion in Spain, factsheet number 202269, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202269.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
