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N.the press release released today (in which it reports profits of 254.5 million euros between janeiro is September, 35% less than the same period last year), the bank indicates that in September had 6,077 employees in Portugal. This value means 111 less than those in December past (2019 accounts indicated 6,188 workers at the end of that year).
As for the commercial network, the Santander True had 465 branches in September, in this case 40 less than the 505 at the end of 2019.
Already comparing with September In 2019, the reduction in workers is 194 and the number of branches closed is 46.
OR Santander True (owned by the Spanish group Santander) is in the process of reducing workers, having in recent weeks proposed to employees (in individual meetings) the termination of the contract by mutual agreement.
Leaving workers receive compensation, but will not have access to unemployment benefits.
However, the bank does not anticipate how many employees it wants to reduce.
Two weeks ago, after a plenary of the workers of the Santander True, the president of the Union of executives and banking technicians, Paulo Marcos, told Lusa that even the bank has not provided concrete information to the union, but that as far as the workers know there are “dozens and dozens” of employees contacted. In this sentence .
According to information obtained by Lusa from trade union sources, there will be a first phase of workers leaving by the end of the year Santander True, but the process will continue in 2021.
The reduction of the structure in sector banking activity has taken place in recent years and will continue in the coming months and years.
No end July, the rating agency Fitch felt that given the new threat to the sector Portuguese banking sector representing the crisis of covid-19, one of the measures that the banks will take will be a further restructuring.
The executive chairman of the group Santander, José António Alvarez, said last week that the banking group plans to cut jobs in Spain, Portugal, the UK and Poland as part of its plan to save another billion euros in Europe.
The banking group Santander net profit of 3,658 million euros in the first nine months of the year, down 40.8% compared to the same period of 2019, explained by the provisions to face the impact pandemic from covid-19.
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