Santander says it will not shut additional bank branches in the UK until at least 2028, as part of a wider cost-saving and restructuring plan. The bank commits to keeping 480 branches open through that period, following an earlier round of changes announced at the start of the year. Separate reporting notes that Santander has already set out plans for 44 branch closures this year, which is expected to affect staff and local services. The Mirror reports that the closures put 291 jobs at risk. The Independent also reports that Santander’s restructuring and cost-saving efforts come with higher restructuring costs as the bank continues to seek savings across its business. Taken together, the reports indicate a distinction between already-announced closures in the near term and the new pledge not to add further branch shutdowns until 2028, while the bank continues financial restructuring activity that affects costs and employment.
Santander says no further UK branch closures before 2028
Santander says it will not shut additional bank branches in the UK until at least 2028, as part of a wider cost-saving and restructuring plan. The bank commits to keeping 480 branches open through tha...
- Santander pledges not to shut more UK bank branches until at least 2028.
- The pledge includes keeping 480 branches open until that date.
- Santander has already announced 44 branch closures for this year.
- The reported job impact from the 44 closures includes 291 jobs at risk.
- Santander’s cost-saving plan is linked to restructuring, with restructuring costs reported as rising.
The bank also saw restructuring costs rise as it continued to make savings across the business
3 hours agoBut the bank has already announced 44 closures for this year, which has put 291 jobs at risk
3 hours agoThe lender has committed to keeping 480 branches until at least 2028, but this follows another 44 closures announced at the start of the year.
4 hours ago
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