trending Market Intelligence /marketintelligence/en/news-insights/trending/HRoG_S2LQ82HsPcA3nONxg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Report: Santander Chile reaches minimum services agreement with unions

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Report: Santander Chile reaches minimum services agreement with unions

Banco Santander Chile has reached an agreement with most of its labor unions on the minimum level of services the bank will maintain in the event of an employee strike, Diario Financiero reported.

Under the agreement, which is in line with Chile's new labor law, 21% of the bank's workers will work during strikes to ensure that essential services are not disrupted, sources close to the unions told the publication.

The agreement means that Banco Santander, which was earlier reported to be struggling in reaching a deal with unions, will not have to refer the matter to Chile's national labor department.

Various other Chilean banks are still in the process of striking similar agreements with their unions, the report noted.