Daily Mail

RBS axes 443 as it shifts jobs to India

-

STATE-OWNED Royal Bank of Scotland is cutting 443 jobs in its business loans division and moving many of them to India.

The company, 73pc-owned by the Government, said staff in Mumbai would take over back-office roles such as background checks.

But it insisted credit decisions would be taken in the UK as well as work involving customer contact.

An RBS spokesman: ‘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.

‘We realise this will be difficult news for staff and we will do everything we can to support those affected.’

RBS is in the midst of a major restructur­ing aimed at returning the bank to profit after almost a decade of straight years of losses.

It was rescued with a £46bn state bailout during the 2007-09 financial crisis.

Newspapers in English

Newspapers from United Kingdom