Unite 'appalled' by RBS job-cutting plans

clock

Trade union Unite has branded plans by the Royal Bank of Scotland (RBS) to axe staff from its investment banking division as "appalling".

The union said it will write to RBS in an effort to engage with the state-backed lender over reports it is set to shed up 10,000 staff as part of a scaling down of its investment activities. "Speculation the Royal Bank of Scotland is considering cutting a further 10,000 staff is appalling," said Unite national officer David Fleming in a statement. "This 83% state supported institution has already announced 22,000 job losses across the group in the UK." He added the union was "disgusted" RBS workers had to read about possible job losses in the media and will air its displeasure to the ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers zoomed in on capital accumulation in Q4 2025

Advisers zoomed in on capital accumulation in Q4 2025

Titan Square Mile research finds

Jen Frost
clock 30 January 2026 • 3 min read
Measure for measure: How to track your tracker fund

Measure for measure: How to track your tracker fund

Tracking difference and tracking error

Terry McGivern
clock 28 January 2026 • 3 min read
SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

Healthcare, energy and EM preferred

Linus Uhlig
clock 28 January 2026 • 2 min read