Banco Santander Cuts 1,100 Jobs Following Takeover of Banco Popular -AFP
December 12 2017 - 12:41PM
Dow Jones News
--Banco Santander and its union representatives have signed an
agreement to cut 1,100 jobs as part of a restructuring plan
following Santander's acquisition of peer Banco Popular in June,
Agence France-Presse reports.
--Most of the job reductions will be made through voluntary
early retirement, union representatives said. Jobs will be cut from
both banks' headquarters and support staff, according to AFP.
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(END) Dow Jones Newswires
December 12, 2017 12:26 ET (17:26 GMT)
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