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Santander to axe 1900 jobs

Santander has revealed it is to cut 1900 jobs across its Abbey, Alliance & Leicester and Bradford & Bingley Savings arms.

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The mega-bank will begin the cuts in 2009, which will be taken from the back office and support staffs, which are duplicated across the brands.

The brands will also be integrated into Santander’s IT proposition, Partenon.

Santander chief executive of the combined UK business Antonio Horta-Osorio says: “Today’s announcement shows we are on track to fulfil the commitment we made at the time of the Alliance & Leicester acquisition to grow our UK business whilst ensuring we meet our cost-saving targets.”

Santander plans to save £180m by the end of 2011 as a result of the cuts.

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