second-biggest bank to cut around 16% of its staff in its home market.
BBVA said last month that it was planning to cut 3,800 jobs and close almost a quarter of its branches, to adapt to a customer shift towards online banking.
The rallies in Madrid, Barcelona and smaller cities as far-flung as the islands of Gran Canaria and Mallorca follow calls from the government to rein in top bankers wages as the sector plans layoffs.
The
In central Madrid, Ana Maria Rodriguez, who has worked at
BBVA for five years, came to march with her three year-old daughter in a pram because she could not afford a babysitter.
BBVA plans to cut 3,800 jobs in Spain Lender would close 530 branches (Adds BBVA reference to letter sent by the bank to employees)
MADRID, April 22 (Reuters) - BBVA is planning to cut around 16% of its banking staff and more than a fifth of its branches in Spain as it grapples with growing competition from fintech companies offering online banking services.
The bank’s management told the Comisiones Obreras (CCOO) union they wanted to cut 3,800 jobs and close 530 branches, about 21% of the bank’s locations, to adapt to a customer shift towards online banking.
The management gave details of the cost cuts at a meeting, the union said in a statement, adding that the figure was “outrageous”.
74
NGOs urge Egyptian Authorities to Release Researcher Ahmed Samir Santawy
We, the undersigned 74 organizations, call upon the Egyptian authorities to immediately and unconditionally release 29-year-old student and researcher Ahmed Samir Santawy, who has been arbitrarily detained since 1 February 2021 on bogus terrorism-related charges. The undersigned organizations further call on the authorities to ensure prompt, independent, impartial, transparent, and effective investigations into Ahmed Samir Santawy’s allegations of being subjected to enforced disappearance and ill-treatment by security forces following his arrest.
The undersigned organizations consider that Ahmed Samir Santawy, a researcher and master’s student of anthropology at the Vienna-based Central European University (CEU), is arbitrarily detained solely because of his academic work focusing on women s rights, including the history of reproductive rights in Egypt.