Santander set to axe 750 staff in latest branch closure round

Up to 750 staff at Santander face losing their jobs after the bank said it would close 95 branches in the UK.

The Spanish lender’s decision will leave it with 349 high street branches, with services or hours slashed at more than 50 others by June.

Santander in January said it was not planning any permanent closures this year. The bank is changing 18 branches to become “counter-free” and another 36 would be cutting opening hours.

UK banks have been implementing widespread branch closure programmes claiming most customers conduct transactions online. However, campaign groups say this has left many elderly and vulnerable people without access to the internet without vital services.

Reporting by Frank Prenesti for Sharecast.com