View more on these topics

RBS axes another 900 roles

RBS-Building-2012-700x450.jpg

RBS is cutting a further 900 jobs as part of a drive to save £800m this year.

According to the BBC, the roles will mostly be back office and IT jobs.

The announcement follows RBS cutting back its face-to-face advice service in March leading to around 550 job cuts and the closure of 32 NatWest branches, which was revealed in April.

A RBS spokesman says: “As RBS becomes a smaller UK-focussed bank, we are restructuring our support services to better align with the business we are becoming. These changes unfortunately mean some job losses. We understand how difficult this is for our staff and will be offering as much support as we can including redeployment to other roles where possible.”

RBS has cut more than 2,500 jobs since January.

Recommended

RBS-logo-700x450.jpg
5

RBS to ditch ‘toxic’ brand name

Royal Bank of Scotland is dropping the RBS brand from more than 500 branches across England, Scotland and Wales. According to The Times, more than 300 outlets in England will be rebranded as Williams & Glyn, while in Scotland, the RBS name will be dropped for the full Royal Bank of Scotland. A further 1,000 […]

Three catalysts for European equities

By Rob Burnett, Manager of the Neptune European Opportunities Fund In recent weeks, the bear case for European equities has become more pronounced on the back of weaker-than-expected GDP data and deflation concerns. This softening in economic momentum has led some investors to question whether the ECB is behind the curve and indeed whether it […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment