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The news that yet more jobs are to be axed in the UK may come as an even greater incentive to attend a free stock market seminar.
Grupo Satander of Spain has announced it is to axe 1,900 jobs at its UK subsidiaries: Abbey, Alliance & Leicester and Bradford & Bingley.
Antonio Horta-Osorio, chief executive of the combined UK business, commented: "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 whilst ensuring we meet our cost-saving targets."
The cull of jobs is part of a series of measures designed at saving the group £180 million by the end of 2011.
