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Santander to Close Four U.K. Offices and 111 Bank Branches

  • Branch closures will lead to about 600 job losses: spokesman
  • Consolidation of offices part of move to more flexible working
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Banco Santander SA is closing four U.K. offices as part of a shift to more flexible working. It will also shut around a fifth of its bank branches, resulting in about 600 job cuts.

The bank will shutter its Bootle, Newcastle, London Portman House and Manchester Deansgate offices by the end of 2021, Santander said in a statement Thursday. It will also take less space at four sites, including its Ludgate Hill and Triton Square offices in London.