25 September 2016

RBS to axe 3500 tech and support jobs

02 September 2010  |  11109 views  |  1 people on bridge london

Royal Bank of Scotland is to axe 3500 back office support and technology jobs and close 12 offices across the UK in a move branded as a "horror story" by finance unions.

The shock announcement by RBS will impact on regional Business Services Operations with 2500 losses and Technology Services, which is to shed 1000 jobs.‬

The losses will be driven by the closure or withdrawal from 12 UK centres, with a further three centres under review,

‬‪One third of all the losses, around 1500 roles, stem from the sale of 318 branches to Santander as ordered by the European Commission.

RBS has also announced plans to offshore upwards of 500 roles to its existing non-customer facing technology operations in US, India and the Far East.

Rob MacGregor, Unite national officer, says the bank - which is 84% owned by the UK government - has cut 21,500 staff since 2009.

"The scale of the cuts announced today beggars belief and staff across the country today will be left reeling from this news," he says. "It will be a specially bitter pill for staff to swallow as RBS has decided to move some of the jobs abroad to the Far East, India and America."
KeywordsPEOPLE

Comments: (1)

A Finextra member
A Finextra member | 04 September, 2010, 23:19

This is the reason I advocate that every person in the financial service industry develop some self sustaining skills on thier own so that when this kind of thing happens as it usually happens one does not get utterly frustrated

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

RBS to axe 400 Direct Line jobs - BBC

RBS to axe 400 Direct Line jobs - BBC

26 August 2010  |  8268 views  |  0 comments
RBS to sell 80% stake in WorldPay to Advent and Bain

RBS to sell 80% stake in WorldPay to Advent and Bain

06 August 2010  |  12866 views  |  0 comments
RBS hit with £5.6m fine for sanctions screening failings

RBS hit with £5.6m fine for sanctions screening failings

03 August 2010  |  18143 views  |  1 comments
RBS tech upgrade to cost 500 wealth management jobs

RBS tech upgrade to cost 500 wealth management jobs

02 June 2010  |  8754 views  |  0 comments
RBS loses £93,000 in simple cash deposit scam

RBS loses £93,000 in simple cash deposit scam

02 June 2010  |  14672 views  |  4 comments
RBS to shed 2600 jobs; 500 roles to be shipped offshore

RBS to shed 2600 jobs; 500 roles to be shipped offshore

10 May 2010  |  9216 views  |  0 comments
RBS receives offers for branch network as Worldpay bid deadline looms

RBS receives offers for branch network as Worldpay bid deadline looms

07 April 2010  |  9354 views  |  0 comments
RBS cuts over 200 Irish IT jobs; Lloyds axes another 585 roles

RBS cuts over 200 Irish IT jobs; Lloyds axes another 585 roles

21 January 2010  |  10142 views  |  2 comments
RBS cheque system scuppered by EDS mainframe failure

RBS cheque system scuppered by EDS mainframe failure

18 December 2009  |  12593 views  |  1 comments
RBS cuts hundreds of IT jobs

RBS cuts hundreds of IT jobs

21 May 2009  |  8971 views  |  0 comments
RBS to shed 9000 more jobs in back office shake-up

RBS to shed 9000 more jobs in back office shake-up

07 April 2009  |  8054 views  |  0 comments
RBS to cut 2300 UK back office jobs

RBS to cut 2300 UK back office jobs

10 February 2009  |  10754 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit i2cinc.com

Top topics

Most viewed Most shared
Co-habitation with banks key to fintech futureCo-habitation with banks key to fintech fu...
13244 views comments | 34 tweets | 34 linkedin
hands typing furiouslyGoogle's Larry Page buys a 'major global b...
12712 views 0 | 31 tweets | 25 linkedin
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
10042 views comments | 41 tweets | 27 linkedin
Banks test blockchain for reference data managementBanks test blockchain for reference data m...
8084 views comments | 16 tweets | 24 linkedin
Deutsche Bank teams up with accelerator to back fintech startupsDeutsche Bank teams up with accelerator to...
6986 views comments | 12 tweets | 5 linkedin

Featured job

Find your next job