Banco Santander plans to carry out a new ERE that will affect another

3,000 employees

for economic reasons linked to the coronavirus crisis.

The bank would have already communicated to the workers' representatives its intention to make the workforce adjustment within a cost saving plan that aims to alleviate the effect of the pandemic on its income statement, according to 'Expansión'.

However, the unions deny the major and point out that they have learned of the news through the economic newspaper.

CCOO sources warn that, if the news is confirmed, "it would blow up the bases of social dialogue."

"CCOO expresses its most energetic rejection of a way of acting that blows up all the bridges with the bank's majority union," he laments.

For its part, UGT also denies having knowledge of the new cut.

"No agreement, no information. We have been asking for explanations since seven in the morning," they point out from this formation.

A spokesman for the largest Spanish bank rules out comment and does not deny that the group is considering carrying out the ERE.

It would be the second in less than a year, after the departure of 3,069 employees was closed last November aimed at reducing the duplications that had occurred after the absorption of Banco Popular.

The president of the group,

Ana Botín,

did not refer to the new staff adjustment during her speech before the General Shareholders' Meeting of the group held this Tuesday.

The banker has confirmed the need to accelerate the digital transformation of the entity due to Covid and has developed the three new initiatives in which the group is working to redesign its operation: the construction of a common operating model at a global level, the creation of a global bank in consumer finance and the enhancement of its payment platform.

Santander recorded

losses of 9,048 million euros

between January and September 2020, due to the greater provisions made to mitigate the impact of covid-19 and due to the adjustments made in the second quarter of the year, the entity reported today to the CNMV .

This result, which contrasts with the 3,700 million it earned a year earlier, is due to the updating of the goodwill of its historical investments and deferred tax assets (DTAs) carried out in the last quarter, which generated an extraordinary charge of 12,600 million euros.

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