Banco Santander plans to close 1,033 branches within its restructuring plan, which is added to the exit through an Employment Regulation File (ERE) of 4,000 employees and the relocation of 1,096 workers to the group itself. It is the most important readjustment carried out by the bank, in addition, without carrying out any corporate operation, and less than a year has elapsed since the previous ERE ended, derived from the integration of the Banco Popular branch network.
From the map of closures designed by the group in Spain, Madrid will be the province with the most closings, 128 branches, to keep 426 operating. Thus, it will dispense with 23.10% of the branches that operate in the area.
Barcelona is followed by the number of closings that, if in the end the bank maintains the current closure plan announced to the unions, it will dispense with 86 agencies, to operate with 204, of the 290 agencies with which it currently operates.
In Valencia it will close 50 stores, which places it as the third province for closures, which means cutting 35.21% of the network with which it physically worked in the province.
But it is in Tenerife where Santander’s scissors have been most drastic. The bank chaired by Ana Botín plans to lock 43 branches on the island, which means that 60% of the branches with which it operates there will disappear, the largest number in proportion.
In Cantabria and Seville it will do without 40 agencies, respectively. In the case of Santander, these closings represent 48.78% of the total with which it operates in the region, while in Seville it reaches 31.75%.
Santander will meet again with the unions next Tuesday. The bank has proposed early retirement to employees from 55 years of age with 70% of their pensionable salary, but the unions consider the offer very low.