TSB to be sold to Santander – unions standing together

Since the announcement on 2 July of the planned sale of TSB by its Spanish parent bank Sabadell to Santander, there’s been little news about what the deal will mean for employees of either bank in the UK.

TSB has been keeping staff updated as best it can at this early stage, but because the two banks remain competitors and the transaction won’t complete until 2026, there is still much that can’t yet be said.

We’ll stand by our members throughout the sale process and beyond. We already have a strong relationship with the unions at Santander who, like Accord, are part of the TUC family.

At the TUC Congress in Brighton this week, Accord General Secretary Ged Nichols met with Jim Leonard, General Secretary of the Advance union at Santander.

Ged said:

“Jim and I have known each other for many years. This stands us in good stead to work together in the interests of all employees in Santander UK when the TSB workforce is under its new ownership.

In Accord, we also have the experience of supporting members through acquisitions and mergers.

We’re keeping in close touch with the leadership team at TSB and there’ll be plenty of opportunities for members to be engaged with us and we work to create the best possible environment for TSB staff in Santander UK for the future.”