Santander Bank closes these 175 offices today

Banco Santander closes on Friday another 175 offices in the framework of the execution of the Employment Regulation File (ERE) that the entity is undertaking after the integration of Banco Popular and which contemplates the closure of a total of 1,150 branches.

Thus, according to the calendar set by Banco Santander, after having closed in 164 offices two weeks ago , this Friday, October 18, the closing of another 175 branches will be carried out, which will be followed by 200 more on day 8 of November and will end on the 22nd of the same month with another 211.

In this new series, which adds to the four batches already executed, Banco Santander will close 31 offices in Catalonia and 24 in Galicia . At the same time, 23 branches will be affected in Castilla y León , 20 in Andalusia , 17 in Madrid, and 16 between the Valencian Community and Murcia.

This Friday also the blind will lower nine offices between Cantabria and Asturias , eight in Castilla-La Mancha , and seven between Aragon , Navarra and La Rioja. Meanwhile, another seven will be closed in the Balearic Islands and the Basque Country , respectively; four in Extremadura and two in the Canary Islands.

The bank said it would begin executing this plan after the technological integration process of Banco Popular branches in the group was completed, which took place last July.

The entity carried out the closure of 116 offices in the months of May and June, but in this case they were branches that were closed in pilot territories or because their business was limited and transferred to collaborating agents, according to the sources consulted.

Adding all the closures already executed and those planned for this Friday, Santander Bank will have closed 717 offices. As planned, there are still two more batches that will affect 411 branches, to add 1,128. The remaining 22 are residual offices that could be adjusted as the plan is completed.

THERE ARE NO MUNICIPALITIES EXCLUDED FROM THE SERVICES

Despite the announcement of 1,150 closures, no municipality will run out of banking services, since, in addition to the fact that most of the closures are taking place in the cities, the network of agents and collaborators is being reinforced.

However, each office that closes has another branch of the group at an average distance of about 230 meters. The bank has explained on several occasions that the rationalization of the network is part of the need to improve efficiency due to the duplicity derived from the integration of Banco Popular.

1,412 EMPLOYEES HAVE ALREADY LEFT THE BANK

Banco Santander and the union representation signed last June an ERE that includes the closure of 1,150 offices, the termination of 3,223 jobs and early retirement from 55 years with between 75% and 80% of salary, depending on of the age.

According to the last ERE monitoring commission on September 30, a total of 1,412 workers have already left Banco Santander, which represents 43.81% of the total extinctions contemplated in the agreement. They would still be pending to leave 1,812 people to reach the total number of 3,223 departures.

By autonomous communities, a total of 312 workers from the Community of Madrid , 216 from Andalusia , 128 from Galicia , 116 from Catalonia , 115 from Castilla y León , 114 from Comunitat Valenciana , 88 from País Vasco , 61 from Canarias , 47 from Castilla-La Mancha, 43 from Extremadura , 39 from Cantabria , 35 from Asturias , 28 from Aragón , 23 from the Region of Murcia, 19 from the Balearic Islands, 16 from the Foral Community of Navarra and 12 from La Rioja .

For central services, corporate center and intermediary structures, the term of affiliation ended on July 19 and was executed that same month.

In the case of a commercial network, the deadline to subscribe is November 15 and the execution date until December 31, while for the areas of human resources, network control, retail care unit and risks, the deadline for To join is January 31 of next year, with an execution date of March 31, 2020.

THE CONDITIONS

To cover the extinctions, Santander offered employees between 55 and 61 years of age to pre-retire with 80% of the pensionable salary or with 75% plus 60% of the voluntary supplement, while those over 62 will be paid the equivalent of 20 days per year worked, with the limit of one annuity, and without premiums.

The group between 50 and 54 years old may leave the entity with 60% of the pensionable salary of six annuities and a maximum cap of 380,000 euros, without unemployment discount and with a special agreement with Social Security up to 63 years, up to date a maximum of 3%.

This group will also give voluntary bonuses of 2,000 euros for each full triennium worked, an additional bonus of between 5,000 and 30,000 euros depending on their seniority and another of 15,000 euros.

As for workers 49 years of age or younger, or those who are older than 15 years old, extinctions will be accompanied by compensation of 40 days per year worked, up to a maximum of 24 monthly payments.

This group will also have voluntary bonuses of 2,000 euros for each triennium of seniority and others between 5,000 and 30,000 euros depending on the years in the bank.

Banco Santander has assumed the commitment to relocate 100% of those who want to continue working, as has happened on other occasions. In the ERE carried out in 2016, this objective was achieved, while in the adjustment made in 2018 the success so far has been 73%, with a forecast of reaching 100% in the second half of the year.

According to the criteria of The Trust Project

• Castilla la Mancha
• Catalonia
• Galicia
• The Rioja
• Basque Country
• Castile and Leon
• Andalusia
• Aragon
• Asturias
• Cantabria
• Canary Islands
• Madrid
• Murcia
• Madrid's community
• Navarre
• Social Security
• Estremadura
• Unemployment

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