You are here: Home - News -

Abbey employees asked to reapply for their jobs

  • 21/05/2003
  • 0
2,000 Abbey National employees will have to apply for new roles in the bank as their old positions a...

2,000 Abbey National employees will have to apply for new roles in the bank as their old positions are re-evaluated, in a company-wide restructuring.

Morag Fleming, spokeswoman for Abbey, said: ‘The restructuring is designed to ensure there are more of the right people in the right place.’ Although she could not guarantee all existing staff would be given jobs, Fleming said the overall result of the restructuring would be to create around 450 jobs.

Fleming hoped re-applications would be completed by the end of June, at which stage Abbey would be able to assess exactly how many extra staff were needed.

Luqman Arnold, chief executive of Abbey, has introduced the initiative to turn around losses of almost £1bn. Abbey has almost 750 branches in the UK employing 7,200 branch-based staff.


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.

Read previous post:
Advisers see increase in take-

Foreign climes are proving increasingly tempting for UK property buyers, and creating a growing...