Santander announces 1,900 job cuts

The firm says the move is part of a plan to realise cost savings of £180m by 2011, removing duplicated back office and support functions across the businesses. The firm emphasised there would be minimal impact on customer-facing roles in branches and call centres. "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 while ensuring we meet our cost saving targets," says António Horta-Osório, chief executive of the combined UK business. "Santander is committed to its branch network in the U...