The UGT union says Banco Santander SA's plan calls for half of the employees to take early retirement and receive 70 percent of their annual pay. Banco Santander is planning to cut half jobs at its offices in Spain , according to the UGT union that represents bank workers; it claims the bank plans for 1,200 of the employees to take an early retirement and receive 70% of their Wednesday pay while the other workers will be offered incentives to leave. UGT has not responded to the reports.
Banco Santander is planning to cut half jobs at its offices in Spain , according to the UGT union that represents bank workers; it claims the bank plans for 1,200 of the employees to take an early retirement and receive 70% of their Wednesday pay while the other workers will be offered incentives to leave. UGT has not responded to the reports.