Santander Consumer Bank

Type
Internal restructuring
Country
Italy
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.9 - Other financial service activities, except insurance and pension funding
64.91 - Financial leasing
180 jobs
Number of planned job losses
Job loss
Announcement Date
10 September 2013
Employment effect (start)
31 October 2013
Foreseen end date

Description

Santander is to cut 180 jobs (out of 600) at its Italian consumer bank division. The job cuts will mainly affect the site located in Turin. The trade unions have criticized the company’s decision, organising some protest actions.

Sources

  • 10 September 2013: Il Mondo

Citation

Eurofound (2013), Santander Consumer Bank, Internal restructuring in Italy, factsheet number 75890, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75890.