Abbey National facing big layoffs
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A Spanish bank seeking to buy Britain&#39;s Abbey National says it will dismiss about 3,000 workers to achieve costs savings, if the buyout is approved.
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A major employers' group claims plans to impose rates on NI industry will devastate the economy.
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The pensions of 40,000 workers at Turner & Newall are in danger amid reports that its parent firm will not continue to fund the company's scheme.
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Executives urged to quit over risks that took lender to the brink of collapse.
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BANKING group Abbey is to boost its Scottish workforce after axing two business banking sites south of the Border.
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Airport operator BAA is set to cut jobs with one report saying as many as 2,000 staff will be made redundant.
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Banco Santander will today tell Abbey National&#39;s union that about 2,500 jobs will go if the Spanish bank is successful in its takeover bid.
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A number of HR staff at investment bank ABN Amro are to lose their jobs as part of a cull of 2,850 employees at the group. About 1,100 jobs will go in investment banking, 1,200 will be lost in IT and 550 will go in HR, the company announced today.
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Santander Central Hispano SAN.MC is expected to announce that headcount at Abbey National ANL.L will drop by no more than 4,500 if it succeeds with its takeover, a source familiar with the situation says.
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Deutsche Bank, the biggest bank in Germany, is interested in buying Abbey Life -- the direct insurance unit of Lloyds TBS estimated to be worth 1.38 billion euros (1.9 billion dollars) -- the Financial Times Deutschland reported Monday.
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High St bank Abbey is struggling to cope with the amount of people attempting to transfer money into its postal ISA.
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Fidelity Investments, the world's  biggest mutual fund firm, has made a second round of layoffs  due to the ongoing restructuring at the group and axed about  250 jobs, a spokeswoman said on Friday.
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Spanish Bank Santander Central Hispano intends to cut about 3,000 jobs at Britain&#39;s Abbey National if its proposed acquisition of the British bank is completed.
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Bank of America Corp  said it  will lay off about 2,500 workers in Illinois and 1,500 in  Michigan over the next two years in connection with its $21  billion purchase of LaSalle Bank Corp from Dutch bank ABN AMRO  Holding NV .
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But the step could risk social unrest if heavily indebted state companies respond by laying off more workers.
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Abbey National admitted today that progress in recent months had been disrupted as a result of its planned takeover by Spain&#39;s largest bank.
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Goldman Sachs Group  and Credit Suisse Group  on Friday said they will cut about 2,000 job worldwide as a credit crisis puts a damper on fixed-income trading and corporate dealmaking.