Santander accused of trying to offload hundreds of staff on the quiet – and that’s just the start

Santander accused of trying to offload hundreds of staff on the quiet – and that’s just the start

Banco Santander is a huge employer in Spain, and indeed wider afield, and recently the banking giant merged with Banesto. The result of this has been a programme of branch closures and “voluntary redundancies” offered to staff who wish to leave. These redundancies are entirely voluntary, it has been stressed, but how voluntary are they really?

In the first round of redundancies, some 300 employees have been offered severance packages and 650 early retirement in a schedule expected to end in four days time on the 28th. Branch closures will then begin in September – some 500 of them this year, with a further 250 in 2014. Some staff, however, are complaining about pressure being imposed on them to leave, and some unions – of the many involved in the banking sector – are saying that it’s a covert sacking en masse, something that should be conducted through recognized formal procedures, and not as a softly softly scam rushed through in the holiday period in order to try to escape notice.

Worse, although Santander is saying publicly that the bank will accept the refusal of any staff offered voluntary redundancy who wish to stay in work, reports increase that the staff themselves are being threatened with negative reviews and a reduced offer – if any offer at all – in future lay-off rounds. Unions say that they would deplore such redundancy practices at any time, but that to carry out such a programme at a time of record unemployment and with a national economy in crisis is tantamount to criminality.




  1. Hmmmm!! I am in the process of falling out with Santander; 5-6 yrs ago I sold an apt & paid back the balance of the mortgage….there was a surplus in the current account of approx 525 euros. I told them to keep the account open in case I ever needed to use their bank again. (However, with 3 other bank accounts here in Los Cris, I´ve not needed a 4th, so I assumed the 525 euros was secure)
    These last 12-14 evenings, at around 6-7pm, I´ve been receiving calls from different members of Santander Bank threatening me with court action for owing them 110 euros…apparently because I haven´t used this bank account, my 525 euros has been used for bank charges & I am now in arrears of 110 euros!!
    Having taken legal advice I must now simply ignore these calls until the bank tires of me – after a few weeks perhaps – & writes me off… the meantime , I hesitate to pick up my phone between the hrs of 5.30 – 7.30pm !! ( I thought Santander could at least thanked for the gift of 525 euros?!!! )

  2. I have an account with Caja Canarias and also a Debit card with the account.
    I was at home in Ireland and used my card at an ATM and was charged 8 Euro.
    When I came back to Tenerife I checked with the bank and they told me it was commision charge.
    A bit steep for 1 transaction !!!!!!!!!!!!!!!!!!!!!!!!!

  3. Author

    but quite normal, I’m afraid. Caja Canarias has now itself merged, of course, with La Caixa.

Leave a Reply

Your email address will not be published. Required fields are marked *