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BBVA Employees Get Offered 5-Year Paid Break

Wed 03 Jun 09 | 01:40 PM ET
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BBVA Employees Get Offered 5-Year Paid Break

Wed 03 Jun 09 | 01:40 PM ET
Unlike most companies, Spain's BBVA introduced unorthodox measures to cut costs without making redundancies. The country's second-largest bank is offering a 5-year break to its employees, paying them 30% of their salary. Richard Nicolle from Denton Wilde Sapte discusses.

Topics:

Europe (West)  | Investment Strategy  | Politics and Government  | Stock Market Banks

Sectors:

 | Financial Services
 
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