Santander proposes 4,000 layoffs and close at least 900 branches due to the impact of Covid-19

Banco Santander has proposed this Friday to the unions the

, about 13% of the workforce, and the intention to relocate 1,090 more workers in group companies, according to sources close to the negotiation have told Efe .

The idea is that the exits of the workers take place mainly

, since the bank has about 4,000 employees with more than 55 years, and incentives leave;

will play a key role for relocations

, the division of the entity that serves clients remotely through personal managers.

The bank justifies this new adjustment plan, which will entail the

, out of a total of some 3,100 branches, for

, after verifying that the pandemic has accelerated the relationship with customers due to digital pathways.

The entity's forecast is that the use of these channels will multiply both in transactionality and in sales in the next two or three years, according to the information shared in previous meetings with the unions.

Not surprisingly, now almost half of sales are made through internet channels, a trend that the coronavirus crisis is accelerating: the number of people who go to offices has been reduced "drastically" and operations in office falls at annual rates of between 7 and 8%.

Hire Lee Hecht Harrison

In addition to the internal flexibility measures, Santander has already offered the unions an external relocation plan entrusted to the consulting firm Lee Hecht Harrison to find a new job outside the group for anyone who joins the ERE and wants to continue working.

In the meeting held last Wednesday, the bank presented to the unions the results of the relocation plans carried out through this same company in previous processes.

As an example, in the 2016 ERE, which affected the corporate center, an exit was found for 100% of workers and in the 2018 job cut, which was applied in central services, for 98% of the employees.

And in the staff adjustment agreed in 2019 to reduce duplications after the purchase of

a measure that also affected the network, the relocation percentage was 73%.

According to the criteria of The Trust Project

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