By Michael Harrison, Business Editor and Julia Kollewe
Published: 21 October 2005
Thousands of jobs are set to go at the Channel Tunnel operator Eurotunnel and Abbey, the UK bank now owned by Spain's Santander.
Eurotunnel announced last night that it is shedding 900 jobs - almost one-third of its workforce - between now and June, to try to cut costs and stave off bankruptcy. All the redundancies will be voluntary and Eurotunnel said they would not compromise safety or quality of service in any way.
Meanwhile, City analysts expect Abbey to confirm a further 2,500 job cuts when it gives a