Santander plans to cut Spain workforce by 11% in efficiency push

BANCO SANTANDER SA plans to cut its workforce by 11% in Spain. / BLOOMBERG FILE PHOTO/ANGEL NAVARRETE
BANCO SANTANDER SA plans to cut its workforce by 11% in Spain. / BLOOMBERG FILE PHOTO/ANGEL NAVARRETE
NEW YORK – Banco Santander SA plans to cut its workforce by 11% in Spain as the lender continues the process of shuttering duplicated branches following the purchase of Banco Popular Espanol SA two years ago. The Spanish lender told unions the measure will entail eliminating 3,700 jobs and closing 1,150 branches, according to a…

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