{
Andres Gonzalez

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santander uk plans to cut 750 jobs and close 95 branches

Santander UK has announced that approximately 750 jobs are at risk as it plans to close 95 branches, reducing its total to 349. The closures, starting in June, reflect a shift towards digital banking, with a 63% increase in online transactions since 2019. The bank is consulting with unions and offering support to affected employees.
MarketScreener
British Pound Sterling Banco Santander, S.A. GBR Sinead Cruise Andres Gonzalez
Business & Industry, News Article
10:13 19.03.2025

santander uk plans to close 95 branches affecting 750 jobs

Santander UK plans to close 95 branches, putting around 750 jobs at risk, as it adapts to a significant shift towards digital banking. The bank will operate 349 branches post-closures and is consulting with employee unions to support affected staff. Despite speculation about its future, Santander maintains that its UK operations are a core part of its global strategy.
reuters.com
British Pound Sterling Barclays PLC Banco Santander, S.A. GBR Sinead Cruise Andres Gonzalez
Business & Industry, News Article
08:52 19.03.2025
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