JOIN USThe state-controlled Royal Bank of Scotland (RBS) has announced that it is to cut 215 full-time jobs, shifting nearly 300 back-office roles to centres in India.
“We have embarked upon a three-year transformation programme across our finance division which will increase efficiency and allow us to serve our customers better,” an RBS spokesman said.
“This includes looking at our global footprint and movement of roles between countries reflects the global nature of our business. Having to cut jobs is the most difficult part of our work to rebuild the Royal Bank of Scotland,” the spokesman added.
The Royal Bank of Scotland is 82 per cent owned by the British taxpayer after it was bailed out by cash injection by the Treasury at a time when many banks were in a precarious position in 2008.
The job losses affect 215 full-time staff and 83 temporary positions, mostly in the finance departments that support key RBS divisions such as corporate banking.