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 17:41 2017 Sunday ,29 January
Investment ministry has plans to boost investment in Upper Egypt
GMT 19:47 2017 Friday ,06 October
Eyal Zayed /Zayed's Sons/ Forum organises youth seminar for UAE, Saudi students
GMT 16:18 2017 Saturday ,11 November
World Bank official: Saudi fight against corruption ‘important for development’
GMT 17:42 2017 Tuesday ,21 February
Suicide bombers hit court in Pakistan, at least four killed
GMT 12:49 2017 Tuesday ,22 August
Boshra: Film underlines challenges of cinema
GMT 16:11 2017 Tuesday ,25 April
Saudi Arabia ranks second among countries investing in Egypt
GMT 09:58 2018 Thursday ,22 November
Nissan chairman Ghosn faces possible dismissal following arrest
GMT 20:51 2016 Tuesday ,11 October
Naval forces abort narcotics smuggling attempt
GMT 03:08 2017 Saturday ,25 March
Secretive billionaire reveals how he toppled Apple in China
GMT 20:42 2017 Thursday ,29 June
Israeli troops close Aqsa mosque to worshipers
GMT 06:15 2017 Sunday ,01 October
Danish minister posts screen grab of Prophet’s caricature
GMT 15:20 2017 Thursday ,24 August
Chinese court awards $1.5m copyright to New Balance
GMT 20:42 2017 Friday ,30 June
MUI urges Indonesians to respect court`s verdict on Ahok
GMT 23:53 2017 Sunday ,05 March
2 weeks of winter left, says NCMS
GMT 22:52 2017 Wednesday ,08 March
Heat wave hits Egypt till Thursday before cold spell returns
GMT 13:29 2017 Tuesday ,21 February
GCC-Kosovo cooperation relations discussed
GMT 14:00 2017 Tuesday ,21 February
Turkish Military Announces Killing 12 ISIS Militants in Northern Syria
GMT 02:49 2017 Wednesday ,06 December
MuhammadiyahUuniversity to sends imams to Taiwan
GMT 02:33 2017 Tuesday ,17 October
Chinese president to visit Saudi Arabia, Egypt, Iran
GMT 08:48 2017 Wednesday ,27 September
Saudi Shoura Council calls on SIDF to encourage women
GMT 11:47 2017 Thursday ,02 March
Civilians, ISIS fighters killed in west Mosul mosque strike
GMT 07:16 2017 Wednesday ,19 April
Bahrain Mixed Martial Arts Federation launches logo
GMT 18:02 2017 Friday ,28 April
Pope Francis visits Egypt church bombed by IS
GMT 09:56 2016 Thursday ,27 October
Spain jobless under 20% for first time in 6 years
GMT 04:14 2017 Wednesday ,11 October
Russian soldier dies of wounds sustained in Syria's Aleppo
GMT 20:54 2016 Saturday ,11 June
Former world champion Rudi Altig dies at 79
GMT 21:09 2017 Saturday ,11 February
Sisi signs amendments to law on reconciliation committees
GMT 15:09 2017 Saturday ,22 April
Trump slams Iran for violating ‘spirit’ of nuclear deal
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 ©
