The cut should mainly concern agencies with one to three employees and could lead to the elimination of around 3 jobs overall
Banco Santander expects to close around 450 branches this year, equal to 13% of its network. This was reported by a source close to the negotiations between the Spanish banking group and the unions.
The cut should mainly concern agencies with one to three employees and in all could lead to the elimination of about 3 jobs, Ignacio Soto of the UGT union told AFP.
Banco Santander is the first bank in the Eurozone in terms of capitalisation.
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