Anorak News | Spanish Bank Pays Workers Not To Work

Spanish Bank Pays Workers Not To Work

by | 3rd, June 2009

bankingBBVA, Spain’s second largest bank, is letting staff to take five years paid leave to cut costs during the recession.

Instead of bank workers, customers will be met with a recorded voice that invites them to press button after button before picking a song that drives them insane.

Five years later the customer dies. But the bank lives.

Well, if it works for British banks, why can it not work in Spain, too?

The facts:

Employees of BBVA, Spain’s second biggest bank, are being offered 30 per cent of their usual salary in return for staying away from work for between three and five years.

Says Gordon Brown:

“It’s modelled on the benefits system.”

Posted: 3rd, June 2009 | In: Money Comment | TrackBack | Permalink