Santander says 750 jobs at risk

A British Division of Spanish Creditor Santander Bank Wednesday said 750 employees are at risk of excessive number as it is aimed at 95 branches in the UK

The decision is part of the broader plans of the bank to update its presence from June 2025 and will bring the UK Santandander network to 349 branches, including 290 full maintenance, 36, which work with short-and-18, which are the counter and five cafes.

“Closing the branch is always a very difficult solution, and we spend a lot of time evaluating where and when we do and how to minimize the impact it can have on our customers,” said the Santander UK press.

Further, the bank noted “the quick movement of customers who choose to engage in their banking activity in digital order”, “indicating it, there is a 63% increase in digital transactions compared to 61% decrease in transactions made in physical fields since 2019.

Santander said it was a trade union consultation compared to the proposed changes. According to the annual report of the British unit in the UK, about 18,000 full -time employees in the UK work in the bank.

The issues rose to the future of Santander’s international mark, just two decades after the acquisition of Abbey National led him to the front of the UK. At the beginning of the year, the Financial Times reports that the lender may consider the possibility of leaving operations in the UK, which has been repeatedly denied by Santander Ana Batin.

“The UK is the main Santander market, and it has not changed,” Santandander’s press said on Wednesday.

In October, Reports Reuters The CEO of Santander Hector Gorisi predicts that the lender will prune more than 1400 jobs from its British business as long as it completes the cost of reducing the costs without indicating the terms.

The lender has encountered some in Britain, dropped by £ 295 million ($ 382.7 million) to cover the possible payments related to the wider check of the industry’s financing commission.

Still in FebruarySpain’s largest lender reported a record income in the fourth quarter by 11% a year up to 3.265 billion euros (3.56 billion), which further announced plans for 10 billion euros (10.89 billion dollars) in the ransom from 2025 and 2026 years of profit.