John
09-02-2010, 04:34 PM
Royal Bank of Scotland is cut a further 3,500 jobs in Britain under plans to more than halve the bank's administration centres across the UK.
Part-nationalised RBS said the losses would go across back office and IT functions in the business services arm.
The cutbacks come on top of the division's 9,000 job losses announced last year.
The bank, which is 83% owned by the taxpayer, will close 12 of its business services centres across the UK and put three under review.
RBS said the latest jobs cull would start next year and run through to the end of 2012.
The bank said: "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.
"We will do all we can to support our staff, offer redeployment opportunities wherever possible and keep compulsory redundancies to an absolute minimum."
Source - Yahoo.
Part-nationalised RBS said the losses would go across back office and IT functions in the business services arm.
The cutbacks come on top of the division's 9,000 job losses announced last year.
The bank, which is 83% owned by the taxpayer, will close 12 of its business services centres across the UK and put three under review.
RBS said the latest jobs cull would start next year and run through to the end of 2012.
The bank said: "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.
"We will do all we can to support our staff, offer redeployment opportunities wherever possible and keep compulsory redundancies to an absolute minimum."
Source - Yahoo.