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RBS to axe 3,700 branch jobs

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11-03-2009, 12:39 AM

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RBS to axe 3,700 branch jobs

Royal Bank of Scotland (RBS), which is 70% owned by the taxpayer, has announced it is to eliminate 3,700 positions among its branch staff. The bank, which along with Lloyds Banking Group is to be broken up, said the redundancies are the equivalent of 14% of its workforce and the job losses are in [...]

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« Banking sector overhaul sees Lloyds and RBS broken up | Treasury confirms RBS and Lloyds sell-offs »

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