This week’s business round up

first_imgThis week’s business round upOn 12 Dec 2000 in Personnel Today 30,000 jobsto be lost?Citycommentators are forecasting up to 30,000 job cuts and more than 700 branchclosures if a £20bn Lloyds TSB bid for Abbey National is successful inpreventing a union with the Bank of Scotland. Lloyds TSB advisers are reportedto have approached Abbey about a possible deal that could save as much as £600ma year, but eradicate 30,000 jobs. Lloyds TSB refused to comment. Related posts:No related photos. Execs cause concern Two seniorexecutives walked out of the Dutch-owned former Barings Bank last week. Thehasty departure of chairman and chief executive officer of ING Barings DavidRobins and deputy chief executive Malcolm Le May, has the company’s 2,000traders, analysts and investment bankers concerned. ING has yet to confirm howmany jobs will go in the City when it announces the outcome of its strategicreview early next year. CEOs go in board coupUp to 8,000jobs could be cut in the steel industry after a boardroom coup at Corus,formerly British Steel, which forced two of its chief executives to leave lastweek. The company, which merged with the Dutch steel group Hoogovens last year,is now expected to close one of its main plants. These potential cuts followthe loss of 5,000 jobs announced last summer.center_img Previous Article Next Article Web firm axes 45 staffUp to 45staff will lose their jobs with e-business solutions company Nettec by the endof the year. According to the firm, regrettable deferrals, delays andcancellations on a small number of projects, together with a downturn inInternet advertising business, meant jobs had to be cut. Comments are closed. last_img

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