The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
1,400 jobs Number of planned job losses
Announcement Date
16 May 2013
Employment effect (start)
17 May 2013
Foreseen end date
16 May 2015
Description
Royal Bank of Scotland (RBS) has announced plans to cut 1,400 jobs from its retail banking head office. The cuts will be implemented over the next two years. Almost half of the planned redundancies are likely to be made in Edinburgh.
Affected positions include marketing, communications and other support services. According to RBS, no face-to-face customer-service staff will be affected. RBS has already announced more than 35,000 job cuts following its bail out in 2008.
Eurofound (2013), Royal Bank of Scotland, Internal restructuring in United Kingdom, factsheet number 75427, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75427.
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