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Santander announces closure of 95 branches impacting 750 jobs across the 海角视频

The Spanish-owned lender said it was shutting the branches from June, while also cutting hours across 36 sites and switching 18 to be counter-free in moves impacting on more than a third of its 444-strong network

Santander has announced around 750 jobs are at risk of redundancy (Image: PA)

Santander 海角视频 is poised to make sweeping changes across its network, placing approximately 750 jobs at risk as it prepares to close 95 branches.

The Spanish-owned banking titan disclosed plans for the closures starting in June, with additional adjustments affecting more than a third of its 444-strong network, including reduced operating hours at 36 sites and transforming 18 into counter-free locations.

Following the overhaul, Santander will operate 349 branches, comprising 290 full-service outlets alongside five 'work cafes.'

These measures come in reaction to a customer trend towards online banking, highlighted by a 63% increase in digital transactions since 2019, contrasted with a steep 61% decline in branch activity during the same period.

A spokesperson for Santander 海角视频 remarked on the evolving nature of customer habits, stating: "As customer behaviour changes, we are ensuring that our branches remain fit for the future."

To compensate for the branch closures, Santander plans to hire 95 community bankers in affected areas and aims to offer alternative roles to some current employees.

These community bankers will engage with neighbourhoods weekly, operating from places like libraries and community centres.

Branches set for closure and when they will shut: