Banco Santander has reached an agreement with unions to offer an early retirement plan extending until 2028. The plan is designed for employees aged 55 and over, offering benefits up to 95% of their pension. Santander anticipates between 800 and 1,000 employees will utilize the plan annually, though the bank maintains it isn't setting specific reduction targets. This agreement aims to reshape the bank's workforce through voluntary departures. Details regarding eligibility and payout amounts are being clarified for those interested in participating. The move comes as Santander seeks to adapt to evolving industry demands and optimize its operational structure. It’s a voluntary program, emphasizing employee choice in retirement planning.