Banco Santander to Reduce Layoffs -Expansion
November 23 2017 - 12:31PM
Dow Jones News
--Banco Santander SA (SAN.MC) agreed Thursday to reduce its
initial figures for staff layoffs by 13% in Spain amid adjustments
after it acquired Banco Popular Espana SA, Spanish newspaper
Expansion reports citing unions sources.
--The number of employees that could be affected by the measures
has been cut to 1,384 from an initial figure of 1,585 and the bank
also adjusted their figures on staff taking early retirement,
Expansion says.
--The unions will continue to demand further reductions in
employee cutbacks, according to Expansion.
Full story: http://bit.ly/2A1E2Gs
(END) Dow Jones Newswires
November 23, 2017 12:16 ET (17:16 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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