The major Spanish bank Banco Santander has plans to cut 4,000 jobs in its own country in order to save costs. According to sources against Bloomberg press office, Santander has informed the unions about the plans.

The loss of jobs would amount to as much as 13% of the Spanish workforce. The Financial Group would also like to close up to a thousand offices because, partly because of the coronacrisis, much more banking is done over the internet. Santander also plans to transfer more than a thousand employees internally to other parts.

Other major banks in Spain are also involved in employee interventions, such as Banco de Sabadell and CaixaBank and Bankia working on a merger.

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