MADRID – A union representing bank workers says Spain's biggest bank is planning to lay off 1,200 workers as part of a restructuring plan that will also shutter more than 400 branches. Banco Santander is planning to cut 1,200 jobs at its offices in Spain , according to the trade union that represents bank employees ; it said the bank plans for half of the employees to take an early retirement and lose 50 % of their annual pay while the other workers will be offered incentives to leave . Bank Santander has not responded to the reports .
Banco Santander is planning to cut 1,200 jobs at its offices in Spain , according to the trade union that represents bank employees ; it said the bank plans for half of the employees to take an early retirement and lose 50 % of their annual pay while the other workers will be offered incentives to leave . Bank Santander has not responded to the reports .