Santander Plans 3,000 Job Cuts at Abbey
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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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LONDON : Banco Santander Central Hispano (SCH) underlined its determination to win the battle for Abbey National by announcing plans to sell part of its stake in Royal Bank of Scotland (RBoS).
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LONDON (CBS.MW) -- UK bank Abbey National (UK:ANL) said uncertainty and distraction caused by its takeover process by Spanish bank Banco Santander (STD) affected its third quarter results, but a &quot;speedy conclusion to the transaction has avoided a marked
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Santander Central Hispano SA aims to complete its 8.3 billion pounds ($15 billion) purchase of Abbey National Plc by November, the Financial Times said, citing Juan Inciarte, Santander&#39;s director for Europe and consumer finance.
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LONDON - The British Broadcasting Corp. will cut nearly 3,000 jobs in a drive to reduce costs, the company reported Tuesday. Most of the cuts will be in administrative departments, and some operations will
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STUNNED Abbey National staff will be told today that 4,500 jobs could be axed within three years if Spain - s Banco Santander emerges victorious from its bruising 8.2 billion bid battle for the UK mortgage ...
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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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Around 3,000 jobs will be lost at Abbey National if the UK bankâs takeover by Spainâs Santander Central Hispano (SCH) goes ahead, it emerged today.
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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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The European Commission first expects to make a decision next week on competition issues raised by the bid from Spain&#39;s Santander Central Hispano for Abbey National, a spokeswoman says.
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Spanish bank Santander SAN.MC would not necessarily drop its 8 billion pound plus bid for Abbey National if another bank entered the fray and sparked a competition probe, it says.
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EU COMPETITION commissioner Mario Monti has backed Banco Santander Centrale Hispanoâs Â£8.75 billion bid for Abbey National. Monti suggested support for a Spanish bid, saying: &quot;At first glance, it is a contribution
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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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LONDON : The Spanish bank Santander Central Hispano said it still expects to complete its acquisition of British home-loan specialist Abbey National by the end of this year.
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Shareholders in Santander Central Hispano on Thursday approved the euro13 billion (US$16.4 billion) takeover of Abbey National of Britain.
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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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Abbey National shareholders are expected to back the takeover of the bank by Spain's Santander Central Hispano at a meeting on Thursday.