In a bid to digitise back office functions as part of a transformation plan, banking giant Santander has put a total of 334 jobs at risk across the UK.
Out of the 334 employees, the transformation programme for ‘Santander Operations’ is affecting 235 employees in Bootle, a small town in Merseyside, England.
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Santander plans to outsource part of the work to a third-party supplier. Details regarding the supplier were not disclosed.
The decision will affect roles within business banking, corporate banking and payment operations.
The Communications Workers Union (CWU) has expressed its concern on the decision. At the same time, it hopes that some of the affected staff will choose voluntary redundancy or will be asked to fill in new positions within the bank.
Santander CWU national officer Sally Bridge said: “The union’s Santander National Team is obviously concerned by these proposals but our primary focus is on identifying and firming up alternative roles for all impacted members in Bootle who do not wish to take redundancy package.
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By GlobalData“We are already pushing the Bank hard on alternative opportunities and it is positive that 456 roles have been identified as vacancies including a large number in the Financial Crime Team – and are heartened by the statements that have already been made by the management on its commitment to redeployment and reskilling.
“As such, although the number of employees affected by this part of Santander Operations’ ongoing transformation is substantial – with Bootle being disproportionately affected – we are hopeful we will be able to mitigate and avoid compulsory redundancies because there will be employees who want to voluntarily take the redundancy package, but more importantly substantial numbers of alternative roles are already on the table.”
