Feeds

Abbey axes 335

IT jobs gone

  • alert
  • submit to reddit

3 Big data security analytics techniques

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

Top three mobile application threats

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.