RBS is set to cut 3,500 jobs nationwide and to shut down a dozen processing offices in the wake of the recent branch sell-off.
The majority taxpayer-owned bank has told 3,500 staff that 12 processing offices in the UK will be shut down. A third of the job losses are as a result of RBS’ sale of 318 branches last month to Santander.
Unite national officer Rob MacGregor says the job cuts are a “horror story” for RBS employees in light of the bank’s £1.1bn profit announcement last month.
This news comes after Standard Life revealed it was cutting 500 jobs under its structural review.
As well as the 12 planned office closures, the bank is reviewing a further three offices in the UK. RBS has also announced plans to offshore upwards of 500 roles to its existing non-customer facing technology operations in US, India and the Far East.
MacGregor says: “Unite is appalled that this 84 per cent tax payer supported institution has since 2009 – under the banner of a strategic review – cut 21,500 staff.
“The scale of the cuts announced today beggars belief and staff across the country today will be left reeling from this news. We continue to see a financial services sector which thinks the skills and expertise of it’s staff are a disposable asset with scant regard for the high level of service these very same staff provide to their customers.”
RBS says: “Having to cut jobs is the most difficult part of our work to rebuild RBS and repay taxpayers for their support. We continue to make efficiencies across our business and adjust our plans in line with the divestments we have been required to make by the EU.”
RBS will be closing offices in Leeds, Bolton, Enfield and Harrogate in 2011 and will shut down another eight in Norwich, Bradford, Telford, Plymouth, Milton Keynes, Liverpool, Bristol and Borehamwood in 2012. The Leicester, Southampton and Nottingham centres are under review.