Urgent.News

What's breaking now, across thousands of outlets.

Business

Santander begins to negotiate a collective layoff agreement in its technological subsidiaries

The restructuring of staff, which will be based on technical and organisational reasons, will affect Santander Digital Services and Gravity.

Translated from Spanish Read in Spanish

Santander begins to negotiate a collective layoff agreement in its technological subsidiaries

Banco Santander is undergoing a restructuring process at its technological subsidiaries, which will involve job cuts. The process, supported by technical and organizational reasons, will affect Santander Digital Services and Gravity. The bank has started negotiations with union organizations and has informed its staff about the restructuring plan, known as an Expediente de Regulaci�n de Empleo (ERE).

No details have been disclosed on the number of employees affected, severance terms, or the timeline for reaching an agreement.

Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at expansion.com →

More in Business

More from Thursday 17 September →