(Bloomberg) — Banco Santander SA has kicked off a round of job cuts at its UK unit to save costs, according to people familiar with the matter.
Most Read from Bloomberg
The redundancy program was started last week and it’s focused on the Spanish lender’s regional headquarters, the people said, asking not to be identified because the matter is private. They didn’t provide any numbers.
A representative for Santander wasn’t immediately able to comment.
Earlier on Friday, ING Groep NV said it hired Santander’s head of corporate and investment banking in the UK, Alexandra MacMahon, as country manager for its wholesale business.
Most Read from Bloomberg Businessweek
©2024 Bloomberg L.P.
Lloyds Banking Group is planning to hire hundreds of engineers in India as the company plans to shift its employment opportunit
£1.6m Music Export Growth Scheme to support 58 independent UK artists to tour the world Funding will boost UK’s creative industries – a key growth se
A BELOVED restaurant chain has announced it will close eight venues across the UK, scrapping 158 jobs in the process.Owners are pointing the finger at Labour's
The latest figures published by the US Bureau of Labor Statistics today (7 March) came in below market expectations, with economists polled by