Banco Santander Proposes 1,500 Job Cuts in Spain -EFE
November 08 2017 - 11:12AM
Dow Jones News
By Marc Bisbal Arias
Banco Santander (SAN.MC) has proposed about 1,500 job cuts to
its core services in Spain following its purchase of Banco Popular
Espanol SA, the Spanish news agency EFE said.
Reorganization could affect more than 2,000 employees overall,
union sources told EFE, but at least 575 of those could be workers
who might be transferred to other parts of the company. Other
reductions could come via early retirement or voluntary redundancy,
according to EFE.
Banco Santander declined to comment.
Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com
(END) Dow Jones Newswires
November 08, 2017 10:57 ET (15:57 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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