Santander reduces from 4,000 to 3,800 those affected by the ERE

The negotiation between Banco Santander and the unions begins to reveal some changes in position with respect to what was initially proposed by the entity regarding the ERE (Employment Regulation File) that the group is going to undertake. The corporation has proposed to the unions to reduce the number of workers affected by the exits from 4,000 to 3,800, approximately, according to union sources.

This decrease is due to the fact that Santander would have agreed to increase from 1,000 to 1,200 the number of employees that the bank will relocate to other group companies, instead of opting for layoffs.

The bank had raised an ERE for 5,090 employees, of which 1,090 would be relocated and the rest would leave the entity. With the progress transmitted at the meeting this Tuesday, this second group increases to 1,200 employees, of which 900 will move to group companies and 300 to Santander Personal.

Likewise, the entity has agreed on Tuesday to maintain the adhesion bonuses, in the absence of specifying the proposal, as well as to withdraw the geographical mobility of 400 kilometers and between islands and limit the maximum mobility to 150 kilometers.

CC.OO. considers that these advances “remain totally insufficient” and continues to demand a reduction in the perimeter of job destruction. The union has requested a social welfare tool for those affected by the transfer to group companies. The next meeting will be on December 3rd.

At the end of September, Banco Santander had 27,053 workers in Spain, which represents a drop of more than 2,600 compared to a year earlier. When it starts up, it will be the bank’s third ERE (Employment Regulation File) in Spain since 2018. In these last 12 months the group had already materialized its last ERE with 3,069 casualties, practically 10% of the entire workforce for carry out a closing of offices due to the overlap with those of the Popular, of which 3,110 branches remain, about 740 less than a year ago. In 2018 it already applied another ERE that affected some 1,700 employees, including early retirements, to integrate its central services in Spain with those of Banco Popular, acquired in mid-2017.

Early retirement in Sabadell

On the other hand, Banco Sabadell has signed the workforce adjustment plan agreed last week with the unions, which provides for a reduction of 1,800 jobs (10% of its workers in Spain), and has agreed to open the accession process on next December 10. The departures are scheduled to materialize in the first half of 2021.

The plan is aimed at people over 56 years of age with early retirements that cover 75% of the annual salary up to age 63, and several additional supplements depending on age. As a novelty, and in the face of possible changes in the pension system, the bank undertakes to cover one year of the payment to Social Security in the event that the first early retirement age is delayed, now established at 63 years.


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