• The bank opens a new round of ERE with a rejuvenated workforce: only 2% are over 60 years old

Banco Sabadell is preparing a workforce reduction plan of almost 12% to adapt to the new digital environment that has accelerated the coronavirus pandemic.

The Catalan entity plans to announce to the unions next week a

workforce adjustment of up to 2,000 people

that it intends to carry out through early retirement and incentivized leave, financial sources explain to EL MUNDO.

The bank does not comment as it did not officially convey its intentions to the workers' representatives.

The 2,000 job cut is in addition to the one announced yesterday by Banco Santander, which will affect 3,000 workers.

Both adjustments are part of the new restructuring process undertaken by the financial sector to adapt to the new environment of negative interest rates and a greater digital relationship with its clients.

The CEO of Sabadell,

Jaime Guardiola,

announced last week that the bank was working on an intense cost-saving program to try to survive the crisis alone.

The entity already accelerated the closing of branches in the first half of the year and promoted internal mobility in response to the pandemic.

In the new process of bank cuts it rains over wet.

The sector has reduced one in three jobs in the last decade as a result of the integration of savings banks and other larger entities.

The result is that the workforce is already much more rejuvenated, and only in the case of Santander those over 60 only account for 2% of employees.

According to the criteria of The Trust Project

Know more

    FinanceThe bank opens a new round of ERE with a rejuvenated workforce: only 2% are over 60 years old

    ConsumptionBanco Santander eliminates account 1,2,3 and unifies all in the single Santander One account

    CrisisAlert in banking due to the slowdown in credit and the increase in unemployed money

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