Internal restructuring
United Kingdom
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

1,000 jobs
Number of planned job losses
Job loss
Announcement Date
11 May 2005
Employment effect (start)
Foreseen end date


Abbey has announces the cutting of an extra 1,000 posts in the UK. This takes the total number of planned job losses since takeover by Banco Santander Central Hispano to over 4,000. When Spain's BSCH took over Abbey they said 3,000 would be lost as a result of the takeover. Abbey bank employs 25,000 staff in the UK, and the new job cuts will mainly affect workers in backroom operations. An angry Hugh Scullion of the Amicus union said the announcement was ‘typical of the way Banco Santander have managed Abbey since they bought the group’


  • 11 May 2005: The Guardian
  • 11 May 2005: BBC News


Eurofound (2005), Abbey, Internal restructuring in United Kingdom, factsheet number 61583, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61583.