MASS redundancies and 450 branches closing have been announced by Banco Santander this week. Spanish banking giant Santander is to axe 1,900 jobs in its three UK businesses next year under efficiency moves. Unions reacted with dismay to the announced cut, which represents 8% of Santander's British workforce. Under proposals announced by Santander Operations this morning (Tuesday) a total of 334 permanent employees across the country face being placed ‘at risk’ of possible redundancy as a result of the proposed transfer of their work to an as yet undisclosed third party supplier. Unions reacted with dismay to the announced cut, which represents 8% of Santander's British workforce. Santander cuts 1,900 UK bank jobs Santander, the Spanish owner of Abbey, Alliance & Leicester and Bradford & Bingley, is to cut 1,900 jobs at the three British banks next year. ALLIANCE and Leicester has announced that 98 jobs will go at its mortgage processing site in Wigan. London — Santander announced plans on Wednesday to shut almost a fifth of its branch network in Britain, expected to result in about 840 job losses. The bank said that the jobs would be cut in 2009 to reduce costs and did not rule out compulsory redundancies. The announcement by the bank on Tuesday means 334 permanent employees across the UK face being placed at risk, with 235 of … The bank said that the jobs would be cut in 2009 to reduce costs and did not rule out compulsory redundancies. Santander, the Spanish bank bidding for Abbey National, would have to lay off 8,000 employees at Britain's sixth biggest bank to achieve its 450m (£300m) synergy targets, according to … Santander on Wednesday announced plans to shut almost a fifth of its branch network in Britain, expected to result in around 840 job losses. Santander UK has today announced measures to provide additional financial support to customers facing financial difficulties as a result of Coronavirus. Under proposals announced by Santander Operations this morning (Tuesday) a total of 334 permanent employees across the country face being placed ‘at risk’ of possible redundancy as a result of the proposed transfer of their work to an as yet undisclosed third party supplier. It furloughed 95% of staff and approached Santander on 23rd March, the day the government advertised its Coronavirus Business Interruption Loan Scheme would be available. Sagan claims 10th stage as virus hits Giro Brown quits as Australian men’s hoops team coach. image caption Upper Crust owner SSP has announced 5,000 job cuts As firms have to consult for 30-45 days when making redundancies, some will feel that now is the time to act. Santander's action Santander also announced it will be capping household bill cashback at £5 in each of the three cashback categories on its 123 Current and Lite Accounts, as well as its Select and Private Current Accounts – meaning customers can benefit from up to £15 cashback per month, or £180 per year. Edinburgh-based bank says it expects most of the redundancies … Last week, Banco Santander announced it was preparing to lay off 3,700 workers, around 12 percent of its workforce and to close 1,150 branches (26 percent of its network). Spanish banking giant Santander is to axe 1,900 jobs in its three UK businesses next year under efficiency moves, the company announced today. Santander's profitability in Brazil reached 22.3%, and 29% of its global earnings in the first quarter came from Brazil. HSBC, the UK's largest bank, is to resume its plans to cut 35,000 jobs. Juve’s Ronaldo tests positive for COVID-19. 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