16/05/2013

1,400 More Jobs To Be Cut At RBS

A further 1,400 jobs are to be cut by the Royal Bank of Scotland (RBS) over the next two years, the BBC have reported.

The jobs will be cut from the bank’s retail banking head office, with the bank saying no customer-facing staff would be affected.

Some 35,000 jobs have been cut by RBS since it was bailed out by the government following the financial crisis.

The government still owns more than 80% of the bank.

The news of more cuts come a few weeks after the bank reported returning to profit after big losses in 2012.

(MH/CD)


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