‘Horror story’ cuts announced by RBS
(3 September 2010 – UK) Finance Unions across the United Kingdom have described the Royal Bank of Scotland’s latest announcement to axe 3,500 back office and support jobs as a ‘horror story’.
The bank plans to cut 2,500 jobs from their regional Business Service Operations and the Technology Services division will suffer a further 1,000 cuts.
The losses will be driven by the closure or withdrawal from 12 UK centres, with a further three centres under review.
Around a third of the job losses have arisen from the sale of 318 branches of its business to Santander, as the bank complies with competition orders from the European Commission.
The bank has also said that it will offshore around 500 roles to its existing non-customer facing technology operations in the US, India and the Far East.
Rob MacGregor, Unite national officer, says the bank, which is 84 percent owned by the UK government, has cut 21,500 staff since 2009.
The scale of the cuts announced today beggars belief and staff across the country today will be left reeling from this news, Mr MacGregor added.
It will be a specially bitter pill for staff to swallow as RBS has decided to move some of the jobs abroad to the Far East, India and America, Mr MacGregor highlighted.
The losses will be driven by the closure or withdrawal from 12 UK centres, with a further three centres under review.
Around a third of the job losses have arisen from the sale of 318 branches of its business to Santander, as the bank complies with competition orders from the European Commission.
The bank has also said that it will offshore around 500 roles to its existing non-customer facing technology operations in the US, India and the Far East.
Rob MacGregor, Unite national officer, says the bank, which is 84 percent owned by the UK government, has cut 21,500 staff since 2009.
The scale of the cuts announced today beggars belief and staff across the country today will be left reeling from this news, Mr MacGregor added.
It will be a specially bitter pill for staff to swallow as RBS has decided to move some of the jobs abroad to the Far East, India and America, Mr MacGregor highlighted.
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