RBS cuts 3,500 more jobs
Share
The Royal Bank of Scotland is cutting 3,500 support staff and closing more than half its business services offices.
The bank says the decision is related to the sale of 318 branches to Santander for £350m, expected to be completed by December 2011.
The move will leave RBS with around 1.8 million fewer customers and it says the redundancies are a consequence.
A spokeswoman for RBS says: “Having to cut jobs is the most difficult part of our work to rebuild RBS and repay taxpayers for their support. We continue to make efficiencies across our business and adjust our plans in line with the divestments we have been required to make by the EU.
“We will do all we can to support our staff, offer redeployment opportunities wherever possible and keep compulsory redundancies to an absolute minimum.”
Out of 22 service centre 12 are being closed including Leeds, Bristol and Norwich among others while Manchester, London and Birmingham centres will remain.
RBS is 84% state-owned after a 2008 bailout during the financial crisis.
Readers' comments (1)
Anonymous | 2 Sep 2010 1:39 pm
When I worked for two major high street banks I wouldn't join their Unions as I thought they were weak, useless and a waste of money. 15 years later I am proved correct.
I really feel sorry for the hard working, low paid branch/office staff that have seen their salaries cut, small bonuses cut, pensions cut and share schemes worthless.
THE UNIONS SHOULD BE ASHAMED !!!!!!
Unsuitable or offensive? Report this comment