Banco Santander and its union representatives have signed an agreement to cut 1,100 jobs as part of a restructuring plan following Santander's acquisition of peer Banco Popular in June, Agence France-Presse reports.
--Most of the job reductions will be made through voluntary early retirement, union representatives said. Jobs will be cut from both banks' headquarters and support staff, according to AFP.
Continue Reading Below
Write to Barcelona editors at email@example.com
(END) Dow Jones Newswires
December 12, 2017 12:26 ET (17:26 GMT)