RBS Said to Cut Hundreds More Jobs Across Businesses in U.K.
- Job losses said to bring total this year to about 2,800
- British lender says it will redeploy staff wherever possible
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Royal Bank of Scotland Group Plc is eliminating hundreds of jobs across the U.K., bringing the total announced to about 2,800 this year, according to people with knowledge of the matter.
The majority taxpayer-owned lender is cutting about 300 administrative jobs across its commercial- and private-banking business, said one of the people, who asked not to be identified because the matter is confidential. The job losses come as it plans to reduce several hundred IT contractors and technology support jobs from other parts of its business, the person said.