Royal Bank of Scotland to cut 1,400 jobs in UK
Dublin, May 16, 2013
Royal Bank of Scotland will cut 1,400 jobs over the next two years in a restructuring of its retail head office in Britain, the part-nationalised bank said on Thursday.
In a statement, the chief executive of RBS's UK retail business, Ross McEwan, said the bank would try to avoid compulsory redundancies by redeploying staff where possible.
Trade union Unite described the job cuts as "brutal". – Reuters
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