Banco Santander to Maintain Job Levels in Spain During Coronavirus Outbreak
March 23 2020 - 12:57PM
Dow Jones News
By Pietro Lombardi
Banco Santander SA won't cut jobs or temporarily lay off
employees in Spain during the coronavirus outbreak.
The Spanish banking giant said Monday that it will guarantee its
29,000 jobs in Spain both at its corporate headquarters and branch
network.
Santander will also start talks with its providers to help them
navigate through the coronavirus storm and avoid layoffs,
implementing measures including in some cases, such as for those
providers more dependent on the bank, covering the salaries of some
of their employees.
The bank donated 4 million euros ($4.3 million) to the Madrid
regional authorities to add hospital beds and buy intensive-care
equipment, adding that another million was earmarked to buy
protective masks that will be given to the Spanish health
ministry.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
March 23, 2020 12:42 ET (16:42 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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