Santander to axe 1,100 jobs after takeover of Banco Popular
Santander had nearly 201,000 employees around the world
Madrid - Arab Today
Spain's Banco Santander (Amsterdam: 817651.AS - news) , the eurozone's biggest lender, will slash 1,100 jobs as part of a restructuring following its purchase of smaller rival Banco Popular, unions said Tuesday.
"The reorganisation of the central services of Banco Santander and Banco Popular will affect 1,100 people....the vast majority through early retirement," unions representing the lender's workers said in a statement after they signed an agreement with management.
Santander bought Popular (NasdaqGS: BPOP - news) at the beginning of June for the symbolic price of one euro to help avert its looming collapse.
At the time, Santander estimated the cost of the restructuring following this operation would be 1.3 billion euros ($1.5 billion).
Santander had nearly 201,000 employees around the world as of the end of September. Before Popular was bought by Santander, it had around 11,000 employees.
Source:AFP
- Wednesday ,24 January GMT 09:01 2018 France's Carrefour revamps operations with job cuts, China deal
GMT 09:21 2018 Sunday ,09 December
EFE-Citi program links unemployed Saudi youth to jobsGMT 12:49 2018 Friday ,30 November
Pharmaceutical giant Bayer to slash 12,000 jobs worldwideGMT 13:58 2018 Tuesday ,30 October
UAE, more jobs opportunities and skills in demand at 2019GMT 13:46 2018 Wednesday ,10 October
60,000 new jobs open in UAE in 1 year "Sectors hiring"GMT 16:38 2018 Saturday ,08 September
3,500 UAE job opportunities for Emiratis in next 100 daysGMT 18:23 2018 Sunday ,02 September
Dubai mission rescues 9 Filipinas from job fraudstersGMT 09:01 2018 Wednesday ,24 January
France's Carrefour revamps operations with job cuts, China dealGMT 08:02 2018 Tuesday ,23 January
Tesco restructures management, leading to job cuts
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 10:59 2018 Friday ,07 December
Houthi militia shell commercial center in Hodeidah
GMT 21:12 2017 Sunday ,10 December
UAE, Sri Lanka advancing bilateral relations
GMT 23:17 2017 Friday ,17 November
Bankers shifting from London after Brexit may face lower pay
GMT 19:21 2017 Wednesday ,08 November
Iqbal Day marked in Paris
GMT 18:14 2017 Wednesday ,31 May
A handbag? For $380k, it's yours
GMT 21:17 2017 Saturday ,21 October
EU summit to throw Britain a Brexit bone
GMT 15:45 2017 Friday ,04 August
Yemeni army liberated more areas in Shabwa
GMT 20:23 2017 Thursday ,14 September
Paul Auster tops shortlist for Man Booker prize
GMT 09:55 2017 Tuesday ,14 November
Horford leads way as Celtics win 12th straight
GMT 06:07 2018 Saturday ,06 October
S. Korea, Britain agree on cooperation for post-Brexit trade deal
GMT 18:55 2018 Wednesday ,05 September
PTI govt has taken unprecedented initiatives in short span of time
GMT 20:04 2018 Sunday ,02 September
Drive to teach food safety to housewives
GMT 08:54 2014 Monday ,17 November
German artist hits back at Bayreuth Festival
GMT 13:15 2018 Wednesday ,17 January
Bassil welcomes Ambassadors of Iraq, Hungary
GMT 18:59 2017 Tuesday ,11 April
Kazakh president says anyone joining IS to lose citizenship
GMT 15:56 2017 Sunday ,25 June
Secretary of Holy Synod hails police vigilance in foiling attack on Alex’s church
GMT 01:05 2017 Thursday ,23 March
Strawberry prices fall to Dh10 a kilogram
GMT 14:19 2016 Saturday ,12 November
GOS utilizes its expertise to equip educational institutions
GMT 18:18 2017 Thursday ,09 March
Egyptian team occupies 20th position in FIFA monthly ranking
GMT 08:33 2017 Tuesday ,14 February
Asian markets dip, dollar hit by Flynn resignation
GMT 17:24 2017 Monday ,17 April
South Korea Prosecutors Charge Former President with Corruption
GMT 15:53 2017 Wednesday ,23 August
Six dead as typhoon smashes into Macau and Hong Kong
GMT 11:41 2017 Thursday ,16 March
Doha to Host Gulf Food Industries Exhibition in April
GMT 10:58 2017 Monday ,27 February
Saudi Arabia's Aramco to invest $7 bn in Malaysia oil refinery
GMT 19:43 2017 Sunday ,05 March
FNC Speaker, Irish official discuss cooperation
GMT 20:03 2017 Thursday ,20 July
Daimler recalls 3 million diesel cars over emissions
GMT 13:01 2017 Friday ,10 March
Hohns named as Australia chief cricket selector
GMT 01:58 2017 Wednesday ,05 July
Russia `doesn`t want war` with Ukraine: Senior Diplomat
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
