Type
Internal restructuring
Country
Spain
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

6,000 jobs
Number of planned job losses
Job loss
Announcement Date
1 May 2002
Employment effect (start)
Foreseen end date
1 December 2002

Description

On the 6000 job losses, 2700 are early retirement.


Sources

Citation

Eurofound (2002), Santander, Internal restructuring in Spain, factsheet number 59989, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59989.