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

110 jobs
Number of planned job losses
Job loss
Announcement Date
13 January 2004
Employment effect (start)
Foreseen end date

Description

Abbey is to close its fund management business, Abbey National Asset Managers. 170 jobs are at risk in Glasgow. ANAM managed largely closed life funds for Scottish Provident.


Sources

  • 14 January 2004: The Guardian
  • 13 January 2004: The Guardian

Citation

Eurofound (2004), Abbey, Internal restructuring in United Kingdom, factsheet number 59074, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59074.