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Santander UK cuts over 2,000 jobs, sees 5% drop in profits amid cost-cutting measures.
Santander UK cut over 2,000 jobs as part of a cost-saving plan, leading to a 5% drop in pre-tax profits to £764 million in the first half of 2025.
The bank's "simplification and automation" drive aims to improve efficiency through 2025.
It had previously announced the elimination of over 1,400 jobs in 2024 and the closure of 95 branches.
The bank has also set aside £295 million for a car finance scandal, awaiting a Supreme Court decision on compensation plans.
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Santander UK recorta más de 2.000 empleos, ve una caída del 5% en las ganancias en medio de medidas de reducción de costos.