The

Banco Santander

has proposed Thursday the unions in negotiating the

Record of Employment Regulation (ERE)

which prepares the entity eligible employees early retirement from 55 years.

The entity plans to eliminate 5,072 jobs, through some

4,000 early retirements

and

1,000 relocations,

according to the unions, which qualify these figures as "inadmissible" and demand to reduce them, as well as the 900 planned office closures, before talking about the specific economic conditions , which the bank presented to you today.

The unions, who will meet with the bank again on December 1, believe that the proposed adjustment is disproportionate and the conditions "totally insufficient to cover this file with real voluntariness."

According to the entity's proposals, the employees who will be eligible for early retirement would have to have

been at the bank for at least 15 years.

By age groups, from youngest to oldest, those aged 55 to 57 would receive

65% of the pensionable salary

(with a discount of the unemployment amount for 2 years) and a special agreement up to 63 years of age, with a maximum revaluation of 1% .Employees between 58 and 61 years old would receive 70% of the pensionable salary (discounted from the amount of unemployment for 2 years) plus the same special agreement until age 63.

For those over 62 years of age, the entity offers 20 days per year worked, with a ceiling of 12 monthly payments.

Likewise, those over 55 who do not reach the minimum required seniority of 15 years would receive 30 days of pensionable salary with a limit of

20 monthly payments,

plus volunteer bonuses, seniority and a special agreement with a maximum revaluation of 1% up to 63 years For those under 55 years of age they are offered incentive leave of 30 days of pensionable salary, with a limit of 20 monthly payments plus voluntary bonuses.

According to the criteria of The Trust Project

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