Abbey Staff to Learn Scale of Takeover Job Cuts
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Abbey National staff were today expected to discover how many jobs will go in the bankâs planned takeover by Spanish group Santander Central Hispano.
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Team bosses will discuss their plans to cut costs in F1 including a proposal to cut testing to just ten days during the season for all teams.
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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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Spain&#39;s Banco Santander Central Hispano is expected to announce today that it will cut up to 3,000 jobs at Abbey National if it succeeds with its agreed bid for the UK bank, the Financial Times reported.
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BBC staff are bracing themselves for possible mass redundancies as a radical restructuring plan is due to be announced by the corporation.
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HBOS is said to be in talks with potential financial backers over how to fund an Â£8bn takeover bid for Abbey National in a move to break up a takeover plan from Spain&#39;s Banco Santander Central Hispano.
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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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Workers at the Airbus plant in north Wales are to learn whether expected mass job cuts will affect them.
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Abbey National faces a high court challenge to its Â£9bn takeover by Banco Santander Central Hispano because of concerns about criminal charges faced by executives of the Spanish bank.
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Business & money: Around 1,000 jobs slashed across Co-operative Group's financial arm, with Manchester-based staff expected to be badly hit.
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LONDON  - Shares in Abbey National PLC, Britain's sixth-biggest bank and second-biggest mortgage lender, traded for the last time Friday ahead of the completion of its &#36;15.6 billion US acquisition by Santander Central Hispano SA, Spain's biggest bank.
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The chairman of Santander Central Hispano, the Spanish bank which is bidding for Abbey National, will tell unions today that a successful acquisition by his company will result in less than half the number of ...
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BBC boss Mark Thompson is to announce  a shake-up on Tuesday which could lead to the loss of thousands of jobs.
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The chairman of Abbey National, Lord Burns, almost lost control of his group&#39;s shareholders yesterday during a heated meeting that eventually approved the bank&#39;s Â£8.
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BBC employees were waiting on Thursday to learn how many jobs will be lost under plans to streamline the corporation.
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Luqman Arnold, chief executive of Abbey National, is likely to walk away with Â£5.2m if the bank is sold to Banco Santander Central Hispano.
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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