EMCC European Monitoring Centre on Change

Santander

Company/Organisation:
Santander

Geographic Location

Country: Spain

Company

Sector: Financial services
Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Number Employed: 40000

Employment Effects

Announcement Date: 01-05-2002
Planned Job Reductions min: 6000
Planned Job Reductions max: 6000
Type of Restructuring: Internal restructuring
Foreseen End Date: 01-12-2002

Additional Information

On the 6000 job losses, 2700 are early retirement.