Santander admits it may slash more jobs and close down additional branches - AAD Consumer Forum

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5corpio started a blog post Santander admits it may slash more jobs and close down additional branches
3 February 2021, 20:45

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Santander admits it may slash more jobs and close down additional branches
.............in the UK as profits plunge 44%
UK boss Nathan Bostock said bank continued to review its branch network

Most banks including HSBC, Lloyds and Barclays have announced new closures

UK pre-tax profits plunged 44% to £552m last year

Spanish-owned bank Santander said it may slash more jobs and close down more branches as it unveiled a 44 per cent slump in profits at its UK arm. UK chief executive Nathan Bostock said the lender continued to review its branch network and that cost cutting plans could result in further job losses. A potential move would follow similar announcements by other lenders such as HSBC, which was the latest bank to announce plans to trim its branch network – culling 82 branches this year.

Source: This is money
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1 comment
- #1
  
  nightwatch commented
  
  4 February 2021, 16:59
  
  Editing a comment
  
  The bank's haven't been open, so how can we use them. Plus they slashed the intrest rate for 123 customers. no one is going to stick with a bank with low intrest rates, they will shop around and move savings, or use them to pay off high intrest debt, (maybe?)
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