Santander is cutting more than 1,400 jobs across its UK business this year amid ongoing efforts to reduce costs. It is understood that the job cuts are largely completed and expected to finish by the end of 2024.
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and here are your headlines for this morning.
00:08Santander is cutting more than 1,400 jobs across its UK business this year amid ongoing efforts to cut costs.
00:17The Spanish bank's chief executive officer, Hector Grisi, confirmed the significant cuts as its UK division delayed the publication of its latest results,
00:28following an influential court ruling linked to car finance.
00:32Mr Grisi told a press conference the company is cutting 1,425 jobs in the UK as it pushes forward with efforts to automate more parts of its operations.
00:44It's understood the job cuts are largely completed and expected to finish by the end of 2024.
00:51My name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.