Union: Banco Santander Could Near up to four hundred twenty-five Spain Offices

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Source:   —  April 01, 2016, at 3:54 PM

The CCOO union said in a statement late Thursday that it'll deal with Santander executive to attempt to create sure that the closures result in "voluntary and not traumatic" ramifications for bank employees.

A union representing bank workers says Banco Santander is planning a restructuring operation that could result in the closure of as many as four hundred twenty-five Spanish bank branches this year.

The CCOO union said in a statement late Thursday that it'll deal with Santander executive to attempt to create sure that the closures result in "voluntary and not traumatic" ramifications for bank employees.

Santander made number declaration Friday about the union'south announcement and didn't immediately reply to an emailed request for comment.

Banco Santander SA is one of Europe'south leading banks and has extensive Latin American operations.

The company says its Spanish operations generate twelve % of its profit.

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