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NatWest&#39s staff line up to go rather than reapply

NatWest staff are queueing up for voluntary redundancy payouts after being made to reapply for their own jobs following the bank&#39s takeover by Royal Bank of Scotland.

The takeover earlier this year has led to many head office departments such as marketing being merged and jobs reallocated. Exist ing staff from both groups will have to apply for the new jobs, many of which are based in Edinburgh.

Sources claim RBS will have to lose 18,000 people in two years to make the deal profitable. Most high-street branches are unlikely to be affected because the branding of each bank is remaining separate.

Staff have been seeking advice from their trade union Unifi. The union says mor ale is very low because people are having to justify their existence which is why the company is not short of volunteers for redundancy packages.

NatWest spokesman David Outhwaite says: “There are no compulsory redundancies being made. People have been given the option of voluntary redundancy or other opportunities within the organi sation. RBS was very exp licit that cost savings would have to be made.”

Unifi director of communications Dai Davies says: “People
are not very happy but the process of reapplying for a job can be constructive. It gives people the confidence to look elsewhere and the company will see it is losing good people.”

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