Sunday, April 3, 2016

Banco Santander will close 450 offices in Spain and adjust staff – BAE Journal

The entity headed by Ana Botin start negotiating with unions next week to activate a severe adjustment template, measures justified by falling revenues and increasing use by customers of the digital channels week .

 Banco Santander (Photo: Emol).

Banco Santander. (Photo: Emol)


Banco Santander , the first financial institution of Spain , will close 450 offices in the country and take out a severe adjustment template, measures justified by falling revenues and increasing use by customers of digital channels.

The entity chaired by Ana Botin will start negotiating with unions next week. These adjustments reflect “little solidarity and very little commitment to the country, but with the economic interests of its shareholders” , criticized the leader of the General Union of Workers ( UGT ), José María Álvarez .

the bank informed the unions of its decision to restructure the commercial network in Spain late on Thursday and the news stirred Friday the economic scene of the country, the agency DPA said.

the adjustment of staffing has not yet been quantified, but unions estimate that you can be talking about between 850 and 1,100 people. Santander has more than 24,000 employees in Spain and more than 3,400 offices.

The bank wants to close the smaller-those that have less than three employees-and concentrate activity in larger, to which move also personal.

last year, already it closed 44 branches in the Iberian Peninsula . He recorded in 2015 attributable net profit of 5,966 million euros, 2.6% more than in 2014. The figure was below expectations. Net interest income in Spain fell slightly more than 5%.

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