Banco Santander

Type
Internal restructuring
Country
Spain
Region
Location of affected unit(s)
Sevilla, Madrid
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
157 jobs
Number of planned job losses
Job loss
Announcement Date
29 June 2015
Employment effect (start)
26 June 2015
Foreseen end date

Description

Spanish bank Banco Santander is about to dismiss 157 employees from its card activation department. 94 workers will be dismissed in Seville while 63 will be dismissed in Madrid. According to CGT officials, dismissals were announced to the workers on the 26th of June. The job losses are attributed to a decision of the company to implement an automated card activation system.

Sources

  • 29 June 2015: Expansión

Citation

Eurofound (2015), Banco Santander, Internal restructuring in Spain, factsheet number 83890, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83890.