Spanish Bank to Cut Up to 2000 Abbey Jobs Fears in Glasgow As Santander Continues Onslaught On Costs
Summary
SANTANDER, which bought Abbey for GBP9bn in 2004, said it expected to cut as many as 2000 jobs at the former building society this year as it tries to raise productivity to the levels of competitors.
The Spanish bank was pleased with progress at Abbey last year, during which some 4000 jobs were cut at the UK bank's operations, including around 800 in Glasgow.See the full content of this document
Extract
Spanish Bank to Cut Up to 2000 Abbey Jobs Fears in Glasgow As Santander Continues Onslaught On Costs
However, Francisco Gomez-Roldan, chief executive of Abbey, said it still had a long way to go to get performance up to scratch. While declining to say where the axe would fall, he indicated b...
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