Abbey axes 335
PrintIT jobs gone
Posted in IT Director, 16th February 2005 13:40 GMT
Free whitepaper – Vulnerability management buyer's checklist
Abbey National is laying off 335 IT staff as a result of its merger with Santander Central Hispano.
The firm will cut 200 jobs from its Milton Keynes office, 85 in Belfast and 50 in Glasgow. Another 240 staff from business banking and Abbey's online bank Cahoot are being offered transfers to Isban - the SCH subsidiary which is replacing Abbey's IT systems.
SCH is relying on technology to cut £300m from Abbey's costs by 2007. It is ditching much of Abbey's technology and moving the bank onto its own technology platform, called Partenon.
Abbey said in a statement: "A further 150 IT employees will be offered roles within ISBAN, a separate company owned by Santander. ISBAN will rollout Partenon, Santander’s industry leading banking IT platform, across Abbey."
The bank is cutting 3,000 jobs in total but IT staff should be spared further reductions.
®
Related stories
PCG slams Abbey's India jobs move
EDS Abbey flagship project in doubt
Online banking condemned by small businesses
Free whitepaper – Vulnerability management buyer's checklist
Analyst Keynote: The Register Agile Data Center Summit
What Exchange can't do - and Dell can
Enabling The Agile Data Center
Analyst Keynote: The Register Agile Data Center Summit
Google Spanner — instamatic redundancy for 10 million servers?
Early adopters bloodied by Ubuntu's Karmic Koala
Fedora 12 polishes Linux for netbooks
Sign up, sign up for The Register IT security newsletter