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18,000 staff face the axe as RBS takes NatWest

Thousands of staff face the axe following Royal Bank of Scotland&#39s successful £21bn takeover bid for NatWest.


A total of 60 per cent of NatWest&#39s shareholders backed its bid. RBS revealed 18,000 jobs would be cut from the newly joined staff as a result.


The victorious Scottish bank also said the integration of the two workforces could include asking RBS employees to reapply for their own jobs against NatWest staff.

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