Banco Bilbao Vizcaya Argentaria Sa (BBVAE)

  9.87
   
  • Change Today:
     -0.08
  • 52 Week High:  11.2
  • 52 Week Low:  6.0
  • Currency: Euro
  • Shares Issued: 6,367m
  • Volume: 7,100
  • Market Cap:  62,807m

BBVA considers cutting 3,000 jobs from Spanish workforce

By Caoimhe Toman

Date: Wednesday 24 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Spain's BBVA is considering cutting around 3,000 jobs in the country, reported Expansión on Wednesday.
The cuts could affect around 10% of its payroll there, the daily said, citing sources close to the matter.

Bank officials, who have not yet begun to negotiate with the unions on the final scope of the planned staff adjustment, expect to do so in a few weeks.

This could be part of a restructuring plan by the lender which CEO Onur Genc had already warned analysts would be implemented in 2021. Genc was also on record saying that the lender was looking into cost-cutting plans in low growth geographies.

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BBVAE Market Data

Currency Euro
Share Price   9.87
Change Today   -0.08
% Change -0.81 %
52 Week High  11.2
52 Week Low  6.0
Volume 7,100
Shares Issued 6,367m
Market Cap  62,807m

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 11
Sell 1
Strong Sell 2
Total 25
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 03-May-2024

Time Volume / Share Price
08:01 7,100 @  9.92

BBVAE Key Personnel

CEO Genç, Onur

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