(Bloomberg) --
Banco Santander SA said it won't carry out any temporary suspensions of its 29,000-strong workforce in Spain during the novel coronavirus outbreak.
The Spanish lender will also pay the salaries of the most vulnerable employees at its third-party service providers to ensure those companies don't lay off workers, the bank said in an emailed statement.
Santander, which is expecting a 5% hit to its 2020 earnings if the economy bounces back once the coronavirus has been contained, has created a special 20 billion-euro ($23 billion) line of credit for small- and medium-sized enterprises and self-employed people who may be affected by Spain's measures to control the virus.
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