Grupo Santander has 3,572 employees laid off during the organizing process – 07/29/2021

Madrid, July 29 (EFE). – Santander Bank has completed the employment regulation program in Spain, leaving 3,572 employees, of whom 99.5% are already expected, in addition to 19 dismissals, according to sources from the largest trade union. European Country Center (CCOO).

According to the organization, 70% of those who left the institution in the process are over 50 years old.

In addition, Santander has closed about 1,000 offices across the country.

According to CCOO, almost all education services were carried out by the banking institution on a voluntary basis. Those working in the “administrative and operational” sectors were the most affected in the process.

Some will be transferred to group companies or to Santander Personal, a network of specialized services aimed at high-income people.

Of the 3,572 employees, 109 worked in the Corporate Center, while the rest were from the Santander Spain office network.

In the first half of this year, Santander closed with profits of R$ 3.675 billion ( R$ 40.65 billion) worldwide, in contrast to the previous year, when losses amounted to R$ 10.8 billion ( R$ 65 billion).

In addition to being headquartered in Spain and having a presence in Brazil, Santander is also present in countries such as the United States, United Kingdom, Mexico, Chile, Argentina, Uruguay, Colombia, and Peru.