Royal Bank of Scotland to axe 900 more jobs
The state-backed lender has axed about 2,700 posts since March, and it is understood that IT and back-office positions in Edinburgh, Birmingham, London and Manchester will be affected by the latest cutbacks.
RBS said: “We understand how difficult this is for our staff and will be offering as much support as we can including redeployment to other roles where possible.”
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Hide AdIn April, the group said it would cut about 600 jobs and close 32 branches, while last month it said a further 200 roles were under threat.
The moves come as the Edinburgh-based bank seeks to slim down from a sprawling international bank to a UK-focused lender.
RBS saw its pre-tax losses swell to £968 million in the first quarter – more than double last year’s figure of £459m. The wider loss reflected the impact of a £1.2 billion payment to the Treasury to buy out a crucial part of its £45bn taxpayer bailout.