United Kingdom
Location of affected unit(s)
Edinburgh and London
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation
New offshoring locations

298 jobs
Number of planned job losses
Job loss
Announcement Date
5 March 2012
Employment effect (start)
Foreseen end date


The Royal Bank of Scotland, an Edinburgh-headquartered bank, is moving around 300 jobs from UK to India. The offshoring concerns 215 full-time staff and 83 temporary positions mainly in the finance departments. A timeline for the move has yet to be announced.

The trade union Unite has criticized the move arguing that RBS should reduce bankers bonuses rather than cutting staff. The company has said it will do all it can to support staff including offering redeployment opportunities where possible.

Since 2008 the bank has cut 35,000 jobs and has announced 4 consecutive years of losses. For past restructuring rounds see e.g. Fact sheets 19645, 18285 and 14869.


  • 5 March 2012: The Guardian


Eurofound (2012), Royal Bank of Scotland, Offshoring/Delocalisation in United Kingdom, factsheet number 73221, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73221.