900 more jobs to be culled at RBS
(21 June 2016 – United Kingdom) Royal Bank of Scotland (RBS) is planning a further cull of its British workforce.
Sources say around 900 additional jobs, mainly in the banks IT and back office will be abolished in the UK. Around100 jobs are being transferred to India, where people can perform the same role on lower salaries, the sources said.
The bank confirmed some staff would lose their jobs but declined to give specific numbers, pointing to its long-stated ambition to shrink from the world's biggest bank by assets into a much leaner, UK-focused commercial and retail bank.
"We understand how difficult this is for our staff and will be offering as much support as we can including redeployment to other roles where possible," the bank said in a media statement.
The total number of jobs cut by the state-owned bank has risen to around 2,700 since the beginning of March.
The sources expected additional job losses to be announced in the coming months.
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