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PRIVACY
Economic Development

More than 330 Santander jobs at risk as banking giant announces transformation plan

The majority of roles under threat are at the firm's Bootle base on Merseyside

Santander's base in Bridle Road, Bootle

The jobs of over 300 employees at banking giant Santander are to be put at risk as part of the firm's transformation plans.

The announcement by the bank on Tuesday means 334 permanent employees across the º£½ÇÊÓÆµ face being placed at risk, with 235 of those working at the Bootle offices on Merseyside.

It's in a bid by the bank to create a "simpler structure". A statement from the Communications Workers Union (CWU) described the news as "concerning", but said "substantial" numbers of alternative roles are already on the table for those affected by the announcement.

It's hoped some affected employees will opt for voluntary redundancy, and that others will find new roles in the company.

CWU's national officer Sally Bridge said: “The union’s Santander National Team is obviously concerned by these proposals but our primary focus is on identifying and firming up alternative roles for all impacted members in Bootle who do not wish to take redundancy package.

“We’re already pushing the bank hard on alternative opportunities and it’s positive that 456 roles have been identified as vacancies including a large number in the financial crime team – and are heartened by the statements that have already been made by the management on its commitment to redeployment and reskilling.

“As such, although the number of employees affected by this part of Santander Operations’ ongoing transformation is substantial – with Bootle being disproportionately affected – we’re hopeful we’ll be able to mitigate and avoid compulsory redundancies because there will be employees who want to voluntarily take the redundancy package, but more importantly substantial numbers of alternative roles are already on the table.