Ethics in the digital workplace
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The Royal Bank of Scotland (RBS) has announced plans to cut 618 jobs in response to new legislation coming into force at the end of 2012. The bank also said it would create 351 new advisory roles.
According to the new legislation, customers will be charged fees for investment advice from an expert and as a result RBS expects fewer people using these services.
The job cuts are adding to 35,500 already made since the onset of the financial crisis in 2008. The union United characterized the redundancies as 'brutal'.
Eurofound (2012), Royal Bank of Scotland (RBS), Internal restructuring in United Kingdom, factsheet number 73823, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73823.