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Unite: RBS to Slash London IT Roles

Chloe Henderson


Royal Bank of Scotland

The Royal Bank of Scotland is set to make significant cuts to their IT services in London, according to Unite the union.

The Royal Bank of Scotland (RBS) is planning to cut around 900 IT jobs in its London office by 2020, according to information released by Unite.

According to its statement, RBS plans to cut 40% of their permanent IT staff and 65% of contractors, amounting to 880 jobs overall.

Rob MacGregor, Unite national officer, said: “RBS’ fixation with cutting employee numbers and offshoring work that could reasonably be done by displaced staff within the RBS IT community is unacceptable.

“Unite is angry that the massive scale of IT job losses will sap morale, productivity and faith in the company.”

A spokeswoman from Royal Bank of Scotland said that they have not begun any formal consultations on job cuts, and that numbers have not yet been set.

“As we develop long term plans for our technology business, we have in the interests of transparency, Bank of Scotlandstarted to share our emerging proposals on a future operating model with Unite. We have not consulted on any headcount reduction, instead sharing a direction of travel with Unite which is subject to change,” the RBS spokeswoman said.

“Our proposed plans are designed to reduce the number of contractors we employ and strengthen our permanent workforce and while we are downsizing in London we are reinvesting in other UK hubs.”

Royal Bank of Scotland is in the middle of a major restructuring aimed at returning the bank to profit after over a decade of losses.



Chloe Henderson

Staff Writer - DIGIT

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