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May 25, 2022
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Santander reveals downsizing plans

Santander has revealed plans to consolidate its office sites into six main locations over the UK and introduce more flexible working.

Milton Keynes, where the bank is investing £150m right into a state-of-the-art new campus, will become the bank’s UK headquarters, alongside bases in Belfast, Bradford, Glasgow, London and Sheffield.

It will even reduce its volume of work place at its Leicester Carlton Park, London Triton Square, London Ludgate Hill, and Teesside sites, and following consultation using its Unions, Santander will close its Bootle, Newcastle, London Portman House and Manchester Deansgate offices by the end of 2021.

5,000 staff based at closing or consolidating sites will “be provided new dual location working arrangements, combining working at home with access to local spaces designed to enable team collaboration.”

Santander can also be closing 111 of its branches by the end of August 2021 “in response to the ongoing shift by customers towards mobile an internet-based banking, a long-term trend which has been accelerated by the pandemic.”

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