• 03 Jun 2009 at 9:38 AM

Time For A Siesta

BBVA logo.jpgSpain, like most European economies, has seen a rough 2009. Profits at local banks like BBVA were down 30%+ in the first quarter and S&P took an axe to the country’s sovereign rating. You figure life on the Iberian peninsula must be pretty rough these days. People who still have jobs at Spanish banks surely must be living in constant fear that some heavy handed CEO is going get rid of as many people as possible to trim the fat once and for all.
Well, suffering from extreme separation anxiety, BBVA is taking another path by offering employees up to 5 years paid leave with a guaranteed job when they return. If you’re one of the 30,000 BBVA-ians with 5 years to kill and a hobby you’ve been itching to try, now is your time.

BBVA is offering staff three options: first, leave of three to five years for long-term employees who want to undertake “personal or professional projects”, with 30 per cent pay and healthcare on top; second, a shorter working week with reduced pay; and third, special time off for up to two years for those who want to care for children or relatives or take postgraduate courses. All are voluntary and the company reserves the right to refuse those who apply.

BBVA offers staff five years’ leave [FT]

Comments (12)

  1. Posted by guest | June 3, 2009 at 9:46 AM

    Greggers, I see you have decided to return for another day of blunt force trauma to the cortex. Fine, we’ll just have to try harder.

  2. Posted by Anal_yst | June 3, 2009 at 9:55 AM

    Go back to grad school, PLEASE???
    (BBVA->employees, not greg)

  3. Posted by Suits | June 3, 2009 at 10:22 AM

    Could have just offered them DVDA instead.

  4. Posted by guest | June 3, 2009 at 10:22 AM

    Wait! Shhh! Listen! Can you hear them?
    [The sound of crickets chirping]

  5. Posted by guest | June 3, 2009 at 10:53 AM

    The silence is deafening. Kinda like when Greg acted on his creepy, stalker crush and surprised the hottest girl in school with a prom invite in front of the entire student body during a pep rally. Greg shoulda listened when his parents told him not to do it and to just stay home during the prom.

  6. Posted by guest | June 3, 2009 at 10:58 AM

    Gregor vee veel krush you like kokroach jess?

  7. Posted by guest | June 3, 2009 at 10:58 AM

    Greg = EP in drag.

  8. Posted by guest | June 3, 2009 at 10:59 AM

    Hmmmm, sounds like a proposal Dealbreaker should consider using right about now.

  9. Posted by Pay It Forward | June 3, 2009 at 11:41 AM

    This actually makes me miss Carney.
    And now I owe someone $20 for betting nothing could ever make me say that.

  10. Posted by guest | June 3, 2009 at 11:43 AM

    @9- um why? also, if you miss him, you can go read him sucking as hard as ever over at clsterfuck.

  11. Posted by Gordon Gekko | June 3, 2009 at 1:02 PM

    @10
    The stories of the rice markets in Southeast Asia were pretty amusing, in its banality and ridiculousness.

  12. Posted by trojan | June 3, 2009 at 3:38 PM

    DVDA

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