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Banco Santander advances in his closing offices. A plan established in the Record of Employment Regulation (ERE) reached in June with the trade unions, which in addition to the closing 1,150 branches , includes the output of 3.223 workers.

So, the entity presided over by Ana Botín check today to close at 176 offices , as he had planned. Two weeks ago, he did so with another 86 local, to those who will continue to 164 on October 4, and 175 more on the 18 day of the next month.

Castilla y León will be closed this Friday a total of 32 offices . The second region most affected will be Catalonia, with 26. We will continue to Galicia (21), Andalusia (21), Madrid (18), Valencia (17) and Murcia (17). Aragón, Navarra and La Rioja will have eleven branches less. The balearic islands will suffer seven seals, and the Basque Country, four.

Also, it will be out by the closing of three offices in each of the regions of the Canary islands, Cantabria and Asturias and Castilla-La-Mancha, while it will be four branches that will be closed in Extremadura.

Integration of Popular

The bank announced that it would begin to execute this plan after completion of the process of technological integration of Banco Popular branches in the group, which took place last month of July.

In any case, the entity conducted the closing of 116 offices in the months of may and June , but in this case it was branches that were closed in the territories of pilot or because their business was limited, and pierced staff officers, according to sources.

by Adding all the shutdowns announced and executed, still would be pending the closing of 433 offices , which must be executed before the end of the year 2019.

Banco Santander and union representation signed the past month of June a PLAN that contemplates the closure 1,150 offices, the extinction of 3.223 jobs and early retirement from age 55 with between 75% and 80% of salary , as a function of age.

The ERE of Banco Santander sets the output of 3.223 employees

The term secondments are structured in three groups. Santander has not provided figures on membership, but unions estimate that around 2,000 people have already signed their accession to the ERE.

For central services, corporate centre and intermediary structures of the period of secondment ended on the 19th of July and was executed that same month.

In the case of commercial network, the deadline to qualify is November 15, and run until 31 December, while that for the areas of human resources, network control, care unit and retail risk-the deadline for joining is January 31 of the next year, with an implementation date of 31 march 2020.

terms and Conditions of the PLAN

To cover the extinctions, Santander offered to the employees between 55 and 61 years prejubilarse with 80% of the pensionable salary or 75% plus 60% of the add volunteer , while seniors of 62 years will be paid the equivalent of 20 days per year worked, up to the limit of an annuity, and without premiums.

The group of between 50 and 54 years will be able to leave the entity with 60% of the pensionable salary of six annuities, and a maximum of 380,000 euros, without discount by unemployment and with a special agreement with the Social Security until the age of 63, upgradable up to a maximum of 3%.

To this group will also give premiums for voluntary service of 2,000 euros for each three years full-worked , a premium of between 5,000 and 30,000 euros depending on their age and another of 15,000 euros.

In regard to the workers of 49 years or less, or have a higher age but not accumulate 15 years of age, the extinctions will come accompanied by a compensation of 40 days per year worked, up to a maximum of 24 monthly payments.

This group also will have premiums of voluntariness of 2,000 euros for each three years old, and other of between 5,000 and 30,000 euros depending of the years that carry in the bank.