RBS to cut 2,300 jobs

By politics.co.uk staff

On the same day that its former bosses said sorry over the country’s banking crisis, Royal Bank of Scotland has announced it is to cut 2,300 jobs.

The bank, which is 70 per cent owned by the taxpayer after a £20 billion bailout last year, said the job cuts amounted to two per cent of its 106,000-strong workforce.

RBS added that it hoped to keep redundancies to a minimum and pledged not to make cuts among customer-facing staff.

“We recognise that any news of this nature is unwelcome at any time. It is essential, however, that we consistently review our business to ensure that we are able to operate as efficiently as possible, especially in the current economic circumstances,” said Alan Dickinson, the bank’s chief executive.

“We will be consulting with our recognised trade union, Unite, and our employees throughout. We fully agree with Unite that we must keep compulsory redundancies to a minimum and we will.

“Everyone at RBS is focused on delivering for our customers and restoring the health of the overall organisation. Staff have given everything they have over the last year which makes the decision to cut any job an extremely tough one.

“We will do everything we can to mitigate the impact on our people and keep job losses and compulsory redundancies to the minimum.”