Genç (BBVA) defends ERE for 50% drop in business in offices: ‘We had to respond’

Onur Young, BBVA CEO, he justified Employment Regulation File (ERE), Which will affect 3,450 workers, claiming that the entity is at a time when transactions in the bank’s offices have decreased by half in the past two years, which requires a response from the bank.

During a presentation to analysts of the first-quarter results, the director indicated that BBVA was in the process of negotiating with unions, so he was unable to reveal further details of the amendment.

He explained, “Within two years, part of the work was cut in half, and this is something that requires a response and this is what we are doing with these efficiency plans.”

Genç seized the opportunity to explain the causes of ERE, a process that is “complex and painful in many dimensions” but takes place in a scenario in which office transactions have fallen 50% in the past two years.

As it was known this Friday, BBVA I posted a profit of $ 1 1,210 million euros in the first quarter of 2021, Compared to losses amounting to 1.792 million euros in the previous year, as it recorded a deterioration in the good reputation of the United States (the United States) and made a greater effort in allocations to confront the epidemic, as the entity reported on Friday.

  1. Looking at these results, young man He wanted to highlight that the first quarter was positive for the entity, but we must not forget that the banking context is a major challenge in the face of the profound transformation of the sector, and progress in key areas of its strategy such as sustainability and digital transformation.
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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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