Spanish banking and tech sectors face labor unrest and job cuts

The Spanish banking and technology sectors are facing significant labor unrest and restructuring. The CCOO union has announced a series of planned mobilizations and protests throughout autumn and winter. These actions aim to address what the union describes as an ‘insupportable’ working environment despite record profits in the banking sector. Demands include salary increases of up to 7%, the implementation of three-day weekends, and improved working conditions.

Simultaneously, Banco Santander has initiated negotiations for a collective redundancy procedure (ERE) affecting its technological subsidiaries, Santander Digital Services and Gravity. This move is part of a broader technological transformation aimed at simplifying infrastructure and moving toward global, shared platforms. While the exact number of affected employees has not been finalized, the process involves reorganizing the bank’s tech workforce.

In the technology sector, the Argentine-based company Globant has reached an agreement with unions for 150 layoffs in Spain. The agreement includes severance packages exceeding legal requirements, with a specific impact on its office in Málaga.