SANTANDER IS SET TO CUT OVER 1400 UK BANK JOBS- Santander UK had 21,812 employees as of September 2024
Santander CEO Hector Grisi says Santander will have cut more than 1,400 jobs from its British business by the time it completes an ongoing cost-cutting round.
Grisi did not give an exact timeline of when the previously announced round of lay-offs had been carried out, but said “1,425 was the number of people we are reducing”.
The redundancy plan takes place as lenders worldwide shift towards online banking to better serve clients and amid a competitive landscape in Britain’s mortgage market.
Santander UK which had 21,812 employees as of September 2024, stated on monday that it had put a hold on the disclosure of its earnings following a London court ruling last week that ordered motor finance brokers to inform customers fully about commissions when taking out car loans.
