RBS set to cut 3,700 jobs across UK

Published: Tue, 03 Nov 2009 13:30:00

Royal Bank of Scotland (RBS) has announced it will cut 3,700 jobs across the UK in the next two years, ahead of a major announcement on its future. The bank said it hoped many of those losing their jobs would take voluntary redundancy, citing cutting costs as the reason for the job losses. RBS added the move was unconnected to the announcements about the selling off of many of its constituent parts, along with Lloyds, from the government.

Some 10,000 job cuts in the bank's investment banking and office activities had already been announced, as well as 6,000 redundancies overseas. The redundancies amount to about 14 per cent of the total workforce at NatWest and RBS branches. Staff were informed of the redundancies yesterday, and the bank is believed to have been in discussions with Unite, the union.

Print Email Share Go to News Headlines

Add our news to your site



 
Be the first to comment
Add your comments

Name:

Email:

Your email address will not be published

Town & Country:

Your comments:

Please enter the characters displayed on the image

You must read and type the 6 chars within 0..9 and A..F
Other News
Lloyds Banking Group to cut another 800 jobs Lloyds Banking Group to cut another 800 jobs

Lloyds Banking Group is set to cut another 800 jobs, bringing their job losses for the year to 15,000.

Royal Bank of Scotland (RBS) and Lloyds Banking Group are set to sell off hundreds of bank branches Part-nationalised banks to be broken up

Royal Bank of Scotland (RBS) and Lloyds Banking Group are set to sell off hundreds of bank branches in response to demands by the European Union to introduce more competition in the banking sector.

Lloyds to cut 2,600 permanent staff in UK Lloyds to cut 2,600 permanent staff in UK

Lloyds Banking Group is to cut jobs in the UK over the next year totalling 5,000 roles.

Articles by month
2009

January

April July October

February

May August

March

June September

December

Home Page | Advertising | Sponsored Listings | Bookmark this page | Contact us | Subscribe
NEWS ARCHIVE
Archive Headlines
Tech Features
Motor Entertainment
Other
SEARCH ARCHIVE
FEATURED ADS
NEWSLETTER
Sign up

 to receive all our latest news and offers straight to your in-box

FREE EMAIL
your_name@britpost.com

Get a free ‘BritPost’ email account today

TRAVEL BLOG
Join

 the Travel blog Community today and share your travelling stories

SPECIAL FEATURE

Find professionals for your projects. A great way to hire experienced freelancers & home workers for employment projects or advertise your services for businesses at competitive rates.

Find out more
FUN STUFF
Bingo
Su doku
Blogs
Forums
Horoscopes
Lottery
USEFUL STUFF
Today’s TV
Currency converter
Mortgage calculator
DIRECTORY
SERVICES