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BBVA Employees Get Offered 5-Year Paid Break

Wednesday, 3 Jun 2009 | 1:40 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.