Threat to 3000 Abbey jobs in takeover battle
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SCOTS workers with the Abbey bank have been warned of a major jobs purge if it is taken over by a Spanish rival. Santander Central Hispano has announced it will axe 3000 jobs if its proposed Â£8.
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LOS ANGELES (CBS.MW) - Banco Santander&#39;s controversial pursuit of UK mortgage lender Abbey National shows how difficult it can be for Spanish banks to grow outside their borders.
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In the event of a takeover, please cash this cheque...
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The Spanish bank poised to take over Britain&#39;s Abbey National will walk away if the Â£8.2bn (â¬12.1bn) deal is stalled by competition concerns, it was reported today.
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LONDON, August 23 (New Ratings) - Abbey National (AYN.ETR) is likely to witness a maximum of 4,500 job losses over the next three years, following its proposed Â£8 billion takeover by Banco Santander Central Hispano (BSCH).
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The Finance Sector Union says up to 200 casual and temporary staff could lose their jobs if three of Australia&#39;s biggest banks contract out their cheque processing services.
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The assets of three registered NI companies and others in England and Spain worth more than Â£300,000 are frozen.
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Santander Central Hispano is expected to announce that headcount at Abbey National will not drop by more than 4,500 in the three years after its takeover, a source familiar with the situation says.
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LONDON Santander Central Hispano of Spain looked certain to clinch its bid for the British mortgage lender Abbey National, after HBOS, Britain&#39;s biggest home-loan company, said Wednesday it would not counterbid, and after the European Commission cleared
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UNION officials have warned of the threat to up to 2000 Scottish jobs if Spanish bank Santander sells Abbey - s closed funds after it completes its 8.4 billion takeover of the British bank next month.
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Santander Central Hispano said Monday it expects to cut about 3,000 jobs at Abbey National as part of a cost-saving plan if its friendly takeover bid succeeds.
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The battle for the United Kingdom developer Chelsfield intensified over the weekend, with reports from London that executives of the property giant are considering a management buyout to
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Business & money: Insurer Resolution is under pressure to seek talks on a Â£35bn bid from rival Pearl Group.
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Â· Demonstration against Murdoch takeover plans  Â· Mogul and paper's owners reach deal on safeguards
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The American tycoon Malcolm Glazer is preparing a Â£780m hostile bid for Manchester United after dramatically forcing three of the club&#39;s directors off the board.
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Resignation points to potential problem for Dutch lender in keeping staff as takeover battle plays out.
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By Christopher Hope Business Correspondent (Filed: 28/08/2004). A question mark is hanging over the future of Jaguar&#39;s three British plants, which employ 7,500 staff, after its owner Ford said it was cutting