Markets in everything, labor hoarding edition

"How would you like to spend more time with your family – like the
next five years?" is not the kind of offer employees usually want to
hear from their bosses in the depths of an economic crisis.

BBVA, Spain's second-biggest bank, has posed that question to staff as
part of its latest cost-cutting drive. It is hoping at least some of
its 29,954 Spanish employees agree not to come to work for up to five
years – in exchange for nearly a third of their usual salary and a
guaranteed job when they return.

The story is here.


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