November 27, 2020

This is how the merger of BBVA and Banco Sabadell will hit employment




Nobody misses that the fusion of BBVA and Banco Sabadell it will have consequences on employment. This has happened during the last decade, and this will also be the case in the union, for example, of Caixabank and Bankia. In any case, the adjustment will have to wait until 2021.

Negotiations between the two entities are advanced – they have been talking since summer – but not closed. A maxim in the banking industry is that the most important terms are always left until last. That is, the exchange ratio and the composition of the board of directors. Once an agreement is reached, the execution of the operation will take a few more months. And that’s when the words “Layoffs”, “early retirement” and “casualties


Source link