Abbey to axe 335 IT jobs

HR staff at Abbey are anxiously awaiting news about their future, following the high street bank’s announcement that it is to axe 335 IT jobs.

The move, part of the restructuring plan agreed with new Spanish owner Santander Central Hispano (SCH), will see around 200 IT jobs go from Abbey’s Milton Keynes operations, with a further 85 in Belfast and 50 in Glasgow.

The restructuring plans will also see a further 150 IT staff offered redeployment to SCH’s Milton Keynes-based subsidiary Isban, which was set up to roll out SCH’s banking platform across Abbey. Another 90 IT staff at Abbey’s online banking arm Cahoot will also transfer to Isban.

The losses are part of a wider round of cost-cutting moves that will see 3,000 jobs axed across the Abbey group. HR staff are expected to carry some of the brunt of these cuts.

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