Internal restructuring
United Kingdom
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

245 - 361 jobs
Number of planned job losses
Job loss
45 jobs
Number of planned job creations
Job creation
Announcement Date
18 June 2014
Employment effect (start)
18 June 2014
Foreseen end date


Large High Street bank, NatWest, part of the government-owned Royal Bank of Scotland (RBS) Group, has announced a restructure of its branches that will result in the loss of 361 branch manager positions.

The bank is reported as trying to keep the number of compulsory redundancies to a minimum. In this respect, the job losses will be offset, to some extent, by the creation of 116 new roles. While the new roles will be more senior to those roles that have been abolished, a spokesperson for NatWest has said that the bank expects to fill some of the new 116 jobs with employees whose jobs have been abolished. The addition of 45 further jobs in the area of customer service will also be created as a result of the current restructure.


  • 18 June 2014: International Business Times
  • 18 June 2014: BBC News


Eurofound (2014), NatWest Bank, Internal restructuring in United Kingdom, factsheet number 77266, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77266.