RBS to cut 1,400 UK Jobs
16 May March 2013
Royal Bank of Scotland (RBS) will cut a further 1,400 jobs by 2015 from its retail banking head office.
Most are expected to be from its Edinburgh offices and the bank said that no customer-facing staff would be affected. Affected roles include marketing, communications and other support functions.
RBS has already announced more than 35,000 job cuts since it was bailed out following the financial crisis.
The government still owns more than 80% of the bank.
Ross McEwan, Chief Executive of RBS's UK retail operations, said: "To serve our customers well, we have to ensure that our resources are focused on the things that matter most to them.
"Regrettably, we can only do that by restructuring the way we work in head office, so that every effort is concentrated on supporting our customers and the frontline staff that serve them.
"This is clearly difficult news for our staff and we will do everything we can to support them, including seeking redeployment opportunities wherever possible to ensure compulsory redundancies are a last resort."
The Unite union described the cuts as "brutal".
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