Santander (SAN) reportedly intends to reduce its headcount by 3,000 when it merges with its...

|By:, SA News Editor

Santander (SAN) reportedly intends to reduce its headcount by 3,000 when it merges with its 110-year-old Banesto unit, a move that it announced last month. Santander said it would close 700 branches and warned of job losses, but it didn't give a figure.