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Santander slashes more Abbey jobs

Banco Santander confirms it will be cutting 1,000 more jobs at Abbey than it originally expected taking the total number of job losses since the take-over to 4,000.

When the bank acquired Abbey in November last year, it forecast the removal of 3,000 jobs in its cost-cutting programme. Around 2,400 posts have been identified to go and 1,000 jobs have already been cut. Back office roles will primarily be affected.

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