Banco Santander offers new early retirement plans for the end of the year


Santander Bank It is offering voluntary early retirement for some employees in Spain, as it usually does for the end of the year, as reported yesterday at the employment committee meeting. Union sources present at the meeting detailed that the number of exits is not closed, but will depend on the budgetgiven that the conditions of each early retirement are agreed individually between the worker and the bank.

Thus, depending on the budget, it is estimated that between 50 and 90 employees could retire early in the coming months of Santander in Spain. It is not an early retirement plan, rather Santander usually offers this possibility at the end of the year to some employees who have shown interest in retiring early. Exits are also not part of any collective dismissal process. That is why since the unions recommend those interested to go to their reference labor representative to find out, since the tax conditions and access to retirement are different from those of an employment regulation file.

Last March, Santander offered around 200 early retirements in Spain, which were voluntary and are not part of any adjustment plan either. At the end of June, Santander Spain had 26,272 employees, which represents un increase of 0.7% compared to March, and with 1,921 branches, 1.5% less. From CC.OO. they consider that this slight increase in the workforce “is not enough” to deal with the work overload of the branches and they have asked the company during the meeting to the staffing ratio of the offices is improved.

In another order of things, the union has also asked the bank to convene the monitoring commission of the Agreement on Social Improvements Extra Agreement (AMSEC)which includes the conditions of loans, credits and conditions of use of banking services for employees, to update and improve the conditions of the aforementioned agreements and negotiate the incorporation of a fixed-rate mortgage, given the rise in interest rates.


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