The Royal Bank of Scotland (RBS) has announced it is to cut a further 1,400 roles across the country as part of a restructure of its support staff teams.
The bank, which is part-owned by the UK government via UK Financial Investments, said the roles will be cut predominantly from head offices in London and Edinburgh as part of a restructure of the company's support functions. It is the latest bank to announce a fresh round of cuts after HSBC yesterday warned 14,000 roles could go across the whole business by 2016. RBS has already cut its staff numbers back substantially since the financial crisis.
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
