Santander to close 111 UK branches and shake up office sites

About 5,000 staff affected by office changes will be offered other options including working from home

Santander is to close 111 branches across the UK – a fifth of its network – which it says is in response to the shift to digital banking, accelerated by the pandemic.

The bank also announced a shake-up of its office sites that will lead to four locations being closed and its UK headquarters being moved from London to Milton Keynes. About 5,000 staff are affected by the offices announcement, and Santander said they would be offered new arrangements combining working from home with “access to local spaces designed to enable team collaboration”.

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