Abbey National is considering IT outsourcing as a key element of a planned £100 million cost-cutting drive, according to a report in the Financial Times.
The FT says that up to 3000 jobs could be lost as the UK bank looks to boost performance and radically overhaul its cost-structure.
The paper reports that Abbey is looking at reducing the number of people employed in back office administration and mortgage processing by almost a third, and outsourcing some information technology services to third parties.
The bank says that the cost-cutting review is ongoing, and no details have been finalised.