{"id":113656,"date":"2024-10-30T11:15:00","date_gmt":"2024-10-30T08:15:00","guid":{"rendered":"https:\/\/shiawaves.com\/english\/?p=113656"},"modified":"2024-10-30T10:34:34","modified_gmt":"2024-10-30T07:34:34","slug":"santander-to-cut-over-1400-jobs-in-uk-amid-automation-push","status":"publish","type":"post","link":"https:\/\/shiawaves.com\/english\/united-kingdom\/113656-santander-to-cut-over-1400-jobs-in-uk-amid-automation-push\/","title":{"rendered":"Santander to Cut Over 1,400 Jobs in UK Amid Automation Push"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Santander is set to reduce its UK workforce by 1,425 jobs as part of a cost-cutting initiative driven by increased automation, The Guardian reported yesterday.<\/p>\n\n\n\n<p>CEO Hector Grisi confirmed the layoffs during a press conference on October 29, noting that the redundancies are expected to be completed by year\u2019s end. As of September, Santander employed 21,812 staff in the UK.<\/p>\n\n\n\n<p>The announcement comes as the bank&#8217;s UK division delays its financial results following a court ruling concerning commission practices in car finance. The court sided with consumers, establishing that dealers must fully inform customers about commission arrangements, potentially impacting the broader motor finance industry.<\/p>\n\n\n\n<p>Despite these challenges, Santander&#8217;s overall profit rose 11% in the third quarter, reaching \u20ac4.9 billion (\u00a34.1 billion). Executive Chair Ana Botin expressed confidence in maintaining the bank&#8217;s momentum amid a volatile geopolitical landscape. The UK division has not specified when it will release its delayed financial results.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Santander is set to reduce its UK workforce by 1,425 jobs as part of a cost-cutting initiative driven by increased automation, The Guardian reported yesterday. CEO Hector Grisi confirmed the layoffs during a press conference on October 29, noting that the redundancies are expected to be completed by year\u2019s end. As of September, Santander employed &hellip;<\/p>\n","protected":false},"author":33,"featured_media":113657,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_108372464460192_245495985553329":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2933],"tags":[10954,10953,10952],"class_list":["post-113656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-united-kingdom","tag-automation","tag-job-cutting","tag-santander"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Santander to Cut Over 1,400 Jobs in UK Amid Automation Push - Shia Waves<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shiawaves.com\/english\/united-kingdom\/113656-santander-to-cut-over-1400-jobs-in-uk-amid-automation-push\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Santander to Cut Over 1,400 Jobs in UK Amid Automation Push - Shia Waves\" \/>\n<meta property=\"og:description\" content=\"Santander is set to reduce its UK workforce by 1,425 jobs as part of a cost-cutting initiative driven by increased automation, The Guardian reported yesterday. 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