RBS, owner of Ulster Bank, is cutting 221 technology jobs in Dublin and Belfast. Meanwhile, Lloyds Banking Group says it is closing its Black Horse personal loan centres and axing 585 roles.
Does this imply major cuts in development and support or is the work being transferred offshore?
The surpise is only in the timing. Those hard working individuals in Dublin and Belfast would have seen the writing on the wall if they were allowed to look up long enough. Many of those who had have jumped ship by now.
Within the RBS IT community it has long been known that the jobs were disappearing offshore. It been happening for quite some time, quietly, with no clear official position, just grey words from senior management. On the same day RBS announced the loss of
4000 jobs in the UK, the Indian Times announced that RBS had inked a deal for 4000 seats in a nice new building. Now there's bad timing.
© Finextra Research 2013