RBS takes the axe to back office and IT staff

RBS takes the axe to back office and IT staff

Royal Bank of Scotland is to cut 900 IT and back office jobs as the state-owned lender bids to further trim the bank.

News of the latest job cuts come hard on the heels of a successive round of layoffs at the bank, which has been shedding staff and closing branches under a major restructuring initiative to slim the bank and return it to profit.

With 900 more positions up for the axe, the bank will have culled five percent of its British workforce in the last four months alone.

The latest cuts are in information technology and back office positions that support the commercial, retail and private bank, sources told Reuters.

"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," the bank said in a statement supplied to Reuters.

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