Spain - Job cuts in banking continue - August 31, 2016

Banco Bilbao Vizcaya Argentaria SA, the country’s second-biggest bank, is weighing a fresh round of job cuts across the company to lower costs. The bank may eliminate 2,000 positions or more. The cuts would mostly affect branches and the lender’s central services unit, as well as the investment banking business, though a final decision has not been made. So far no negotiations were concluded with the unions.

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