RBS union confirms redundancies will hit management

The union Amicus has confirmed that some of the 30 staff offered voluntary redundancies at Royal Bank of Scotland Intermediary Partners are middle management staff.

Last week the union told Mortgage Strategy that 30 people had been offered voluntary redundancies and redeployment out of the 250-strong team at RBSIP.

One source alleged that the redundancies were as a result of a “swift turnover” in business development managers over the last year, resulting in more corporate account managers than there were BDMs.

The source said the cuts bring middle management levels broadly inline with the number of BDMs RBSIP currently has deployed.

Although RBS denies this is the case, Amicus says that some of those affected are middle management.

It was unable to name an exact figure.

RBS declines to comment futher until the matter is sorted out.