March 5, 2020 / 11:17 AM / 24 days ago

BBVA moves up to 100 trading floor employees out of Madrid due to coronavirus

MADRID, March 5 (Reuters) - Spain’s BBVA has transferred up to 100 staff from its trading floor at its Madrid headquarters to a different location outside the city as part of its contingency plan to protect operations against a potential spread of the coronavirus.

BBVA currently employs 400 people at its trading floor at its HQ in Madrid and around a quarter are being transferred as of Thursday to Las Rozas, a suburb of Madrid, a spokesman said.

“The measure consists of the relocation of 80-100 people in total to this new room from today (...) all critical functions are replicated on a smaller scale in this other room,” he said. (Reporting By Jesús Aguado; editng by Inti Landauro)

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