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Royal Bank of Scotland to cut 600 jobs at UK retail bank

Staff writer ▼ | April 14, 2016
Trade union Unite said Royal Bank of Scotland (RBS) is axing around 600 jobs in its retail division and closing 32 branches.
RBS   The bank is closing 32 branches
The bank plans to cut around 200 jobs in London and the south east of England, with another 400 to go in the Midlands, according to Unite.

"With job losses across the country and surviving branches on reduced hours, there's no doubt this latest round of cuts will hurt the bank's customers as well as our members," said Lyn Turner, Unite's regional officer.

Earlier, Reuters reported that the state-backed bank was cutting more jobs.

These latest redundancies bring RBS job cuts to 1,500 across the UK so far this year, with most of the roles affected in the retail division where the bank announced plans this year to axe about one in every 12 jobs.

State-backed RBS confirmed some staff would be losing their jobs without being specific and said the job cuts were due to customers increasingly banking online.