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

1,235 jobs
Number of planned job creations
Job creation
Announcement Date
15 June 2015
Employment effect (start)
15 June 2015
Foreseen end date
31 December 2017


Edinburgh based bank RBS has announced the creation of 1,235 new jobs. Recruitment has commenced to fill the positions. As part of European regulatory requirements imposed on RBS followed the UK state bailout of £45.5 billion (approx. €63.1 billion) during the financial crisis, the bank is required to fully divest its challenger bank, Williams & Glyn by the end of 2017. It has been reported that the majority of the jobs in Williams & Glyn will be based in Manchester, Edinburgh and London. A further 240 jobs will be located in the 307 branches of Williams & Glyn. In addition, a further 148 roles in the fields of risk and technology are currently being filled. While the bank has since returned to profitability, it remains 80 per cent publicly owned and around 40,000 workers lost their jobs following nationalisation in 2008 (see earlier factsheet).


  • 15 June 2015: City A.M.


Eurofound (2015), RBS, Internal restructuring in United Kingdom, factsheet number 83725, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83725.