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The Independent UK
The Independent UK
Business
Holly Williams

Major bank slashes thousands of jobs in company overhaul

Santander UK has shed more than 2,000 jobs as part of an ongoing cost-cutting drive, coinciding with a dip in its half-year profits.

The high street lender, whose Spanish parent recently agreed to acquire UK rival TSB for £2.65 billion, attributed the workforce reduction to its "simplification and automation" strategy.

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