The Catalan bank, BBVA,  has announced that it will be laying off 3,798 staff and the closing 530 offices as it develops it’s business to better deal with the digital transformation.

The announcement was made to the press following discussions with Trade Unions.

The plan will be applied specifically to the central services and the branch network of BBVA SA, which has around 23,300 employees, leaving out the rest of the entity’s companies in Spain.

The board considers that in order to guarantee its competitiveness and the sustainability of employment in the future, it is “essential” to continue working even more decisively to reduce its cost structure.

By provinces, the closure of 14 branches in the Canary Islands has been put on the table; 204 from Catalonia; 101 from the center (Madrid and Castilla-La Mancha); 35 from the east coast (Valencian Community, Balearic Islands and Murcia); 59 from the northwest (Galicia, Asturias, Castilla y León); 41 from the north (Euskadi, Cantabria, Navarra, La Rioja and Aragón); and 76 from the southern zone (Andalusia, Extremadura, Ceuta and Melilla).