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RBS to cut 9000 jobs before the end of the year

The Royal Bank of Scotland has confirmed that it will cut 9,000 jobs by the end of this year, as a result of its takeover of NatWest.


The bank insists it will not engage in wide-spread bank closures. RBS chief executive Fred Goodwin says that branches of the two banks will remain side-by-side on high streets.


The eventual total job losses will be 18,000 of the workforce of 94,000 in the UK.

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