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 64 - Financial service activities, except insurance and pension funding 64.1 - Monetary intermediation 64.11 - Central banking
600 jobs Number of planned job losses
Announcement Date
10 August 2005
Employment effect (start)
Foreseen end date
Description
The second largest bank of Spain, BBVA (Banco Bilbao Vizcaya Argentaria) will present a job reduction plan creating 600 redundancies out of 30,760 employees. The plan includes early retirement measures.
Sources
10 August 2005: El PaĆs
Citation
Eurofound (2005), Banco Bilbao Vizcaya Argentaria, Internal restructuring in Spain, factsheet number 62098, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62098.