Santander Plans to Cut 4,000 Jobs and up to 1,000 Branches in Spain, Sources Say

Santander Plans to Cut 4,000 Jobs and up to 1,000 Branches in Spain, Sources Say
A logo of Santander is seen on a branch in the Andalusian capital of Seville, southern Spain, on Jan. 27, 2016. Marcelo del Pozo/Reuters
Reuters
Updated:

Santander plans to close up to 1,000 branches in Spain and cut 4,000 jobs, or around 14 percent of its total workforce in its home market, two sources with knowledge of the matter said on Friday.

Santander declined to comment.