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Royal Bank of Scotland cuts over 400 jobs, move many of them to India
Highlights
British lender Royal Bank of Scotland (RBS) on Sunday said slashing of 443 UK jobs dealing with business loans, and plans to shift many of the roles to India. The UK’s largest government-owned bank said it was moving the jobs, which help handle loans for small businesses, as part of an ongoing cost-cutting drive.
London: British lender Royal Bank of Scotland (RBS) on Sunday said slashing of 443 UK jobs dealing with business loans, and plans to shift many of the roles to India. The UK’s largest government-owned bank said it was moving the jobs, which help handle loans for small businesses, as part of an ongoing cost-cutting drive.
“As we become a simpler, smaller bank, we are making some changes to the way we serve our customers. Unfortunately, these changes will result in the net reduction of 443 roles in the UK,” a spokesperson for the bank said. The bank said it would support staff affected by the ‘disappointing news,’ including by moving them into new roles where possible.
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