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City braced for RBS job losses
ROYAL Bank of Scotland has confirmed that 700 jobs are to go across two of its departments, with Edinburgh and London set to be hardest hit by the cuts.
The cuts – in the technology services and group property departments – are part of the wider 4500 UK job losses announced earlier this year in the group manufacturing division.
They are the first departments within the division to be told how the cuts will affect them, although individuals have not yet been identified for the cuts. RBS said the cuts would be across the UK, but admitted that Edinburgh and London are key employment centres for the two departments.
A spokeswoman for RBS said: "It is our intention to ensure the number of compulsory redundancies is kept to a minimum."
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Monday 28 May 2012
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